financial News http://www.pulp-paperworld.com Mon, 16 Sep 2019 10:41:55 +0200 Joomla! - Open Source Content Management en-gb Pulp Market to Reach a Valuation of ~ US$ 333 Bn by 2027; Transparency Market Research http://www.pulp-paperworld.com/fr/item/8202-pulp-market-to-reach-a-valuation-of-us-333-bn-by-2027-transparency-market-research http://www.pulp-paperworld.com/fr/item/8202-pulp-market-to-reach-a-valuation-of-us-333-bn-by-2027-transparency-market-research

In terms of revenue, the global pulp market is estimated to expand at a CAGR of ~ 4% during the forecast period, owing to numerous factors, about which, Study offers thorough insights and forecast in this report.

Pulp Market: An Overview

tmr logoPulp is basically made from the fibrous part of plants, mostly trees, and is the prime ingredient in the process of papermaking. Pulp is usually sourced from wood, non-wood, and recycled pulp. Recovered paper made by removing inks and other contaminants is the medium through which recycled/de-inked pulp is extracted. The global push for the use of sustainable materials is expected to aid the growth in the demand for recycled pulp. Among the end uses, the increasing use of paper-based packaging formats is expected to be the prominent driver for the growth of the global pulp market.

East Asian Economies hold Lucrative Opportunities for Pulp Manufacturers

Asia Pacific, in terms of pulp production, holds ~ 45% of the global market share, and is expected to uphold its lead over the forecast period. China tops the charts for both, the production as well as consumption of pulp. The market for pulp in Japan is projected to continue its prominence, owing to its sharp shift towards greener packaging solutions, in which, corrugated and Kraft paper companies have a better development prospect. Also, the average operating income of pulp manufacturers based in the Asia Pacific region presents an upward trend. However, this region houses many unorganized and small-scale manufacturers, which might not compete with tier-1 pulp producers directly, but can impact the local pricing to some extent. Thus, the Asian pulp market can be considered as a highly competitive market, and promises to offer lucrative opportunities.

While North America is still the largest wood pulp producer, followed by Europe, new pulp milling facilities are being created in South America (especially Brazil), Russia, Asia (Indonesia), and Northern Europe. The United States represents ~ 85% of the pulp market in North America, while Canada is expected to expand at a high CAGR during the forecast period. Moreover, a large number of tier-1 & tier-2 pulp companies are based in North America.

Despite being a matured market, Europe represents an incremental opportunity of ~ US$ 15 Bn by 2027. Europe holds ~ one-fourth of the global pulp market share; however, it is expected to lose some of its market to Asia Pacific over the forecast period.

Pulp Market: Competition Landscape

In the global market report for pulp, the competition landscape is discussed. Key players profiled in the pulp market are Westrock Company, International Paper, Stora Enso Pulp AB, Georgia-Pacific Corp., Kimberly-Clark Corp., Oji Holdings Corporation., Nippon Paper Group, Asia Pulp and Paper Group, UPM, Nordic Paper Holding AB, Mercer International Group, Metsä Board Corporation, BillerudKorsnäs AB, Nine Dragons Paper Limited, Sappi Group, Rama Pulp and Papers Limited, Gulf Paper Manufacturing Company, Nisseysangyo Co., Ltd., Canny Tissue Paper Industry (L.L.C), and Metropolic Paper Industries Inc.

These insights are based on a report on Pulp Market by Transparency Market Research.

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    no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Fri, 13 Sep 2019 13:39:58 +0200
    Lucart presents its 2018 Sustainability Report with a focus on Circular Economy, new investments, dialogue with the stakeholders, and partnerships for sustainable development http://www.pulp-paperworld.com/fr/item/8173-lucart-presents-its-2018-sustainability-report-with-a-focus-on-circular-economy-new-investments-dialogue-with-the-stakeholders-and-partnerships-for-sustainable-development http://www.pulp-paperworld.com/fr/item/8173-lucart-presents-its-2018-sustainability-report-with-a-focus-on-circular-economy-new-investments-dialogue-with-the-stakeholders-and-partnerships-for-sustainable-development

    Lucart’s 14th Sustainability Report, drawn up in accordance with the international guidelines of the Global Reporting Initiative (GRI Standard), highlights, among other things, an increase in turnover (+12%) and key investments such as the acquisition of three production plants in Spain, the construction of a new plant in Hungary, the start-up of a new Continuous Machine for the production of tissue paper (PM12) and the construction of a new, fully automated logistics centre to improve customer service.

    • · In 2018, the company's turnover increased by 12% despite the rising price of cellulose
    • · Major investments include the acquisition of three production plants in Spain and the construction of a new plant in Hungary
    • · 53% of the materials used by Lucart for the production of paper originate from recycled paper     

    Pasquini MassimoAs always, the Report places considerable emphasis on the analysis of environmental data, which this year have been supplemented with more detailed information on recycled paper.

    According to Lucart’s estimates, following an EPD[1] (Environmental Product Declaration) analysis carried out on two types of toilet paper produced by this Italian multinational company, different environmental benefits can be measured for each tonne of recycled toilet paper produced compared to paper made from “virgin” cellulose, including:   

    • · 80% reduction in the consumption of renewable resources, with savings of 4,060.90 kg of wood;
    • · 38% reduction in the consumption of water resources, i.e. 50.63 m3 of water
    • · savings of 20% of the fossil CO2 emitted, one of the gases that are most to blame for climate change.

    Clearly, therefore, it is important to manufacture products such as toilet paper from recycled materials, as they cannot be further recycled. However, this can only be achieved by implementing a regulatory framework that promotes the production and sale of recycled products, for example by approving End of Waste decrees and adopting tax incentives for recycled products.

    According to data provided by Assocarta, approximately 1.5 million tonnes of tissue paper for hygiene and sanitary use are produced in Italy each year, of which only 7% is produced from recycled materials. Lucart goes completely against the trend in the industry as more than 53% of the paper it uses is recycled, and it also generates value locally since as much as 95% of the recycled paper it uses comes from Europe and, specifically, from Italy, France and Spain, the countries where Lucart has plants capable of producing recycled tissue paper.

    In 2018, in order to speed up its transition to a circular economy, Lucart also joined the CE100 network of the Ellen MacArthur Foundation, the world’s largest network for companies seeking to develop new opportunities in circular economy.

    The 2018 report also includes the Sustainable Development Goals (SDGs) of the United Nations’ General Assembly, which are valid for 2016 - 2030. These goals are the most concrete way to build a more inclusive world that respects the environment.

    • lucart group
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      no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Thu, 15 Aug 2019 11:47:42 +0200
      Verso Corporation Adopts Limited Duration Stockholder Rights Plan http://www.pulp-paperworld.com/fr/item/8143-verso-corporation-adopts-limited-duration-stockholder-rights-plan http://www.pulp-paperworld.com/fr/item/8143-verso-corporation-adopts-limited-duration-stockholder-rights-plan

      Verso Corporation has just announced that its Board of Directors (the "Board") has unanimously adopted a limited duration stockholder rights plan (the "Rights Plan"), following the Board's evaluation and consultation with the Company's advisors, and has declared a dividend distribution of one right ("Right") for each outstanding share of common stock. The record date for such dividend distribution is June 27, 2019. Unless and until a triggering event occurs and these Rights become exercisable, the Rights will trade with the shares of the Company's common stock.

      verso logo 2018The adoption of the Rights Plan is intended to protect Verso and its stockholders from the actions of third-parties that the Board determines are not in the best interests of Verso and its stockholders, and to enable all stockholders to realize the long-term value of their investment. The Rights Plan also protects Verso from any efforts to obtain control while it is conducting its strategic alternatives process so that it can maximize the likelihood of a successful outcome.

      The Rights Plan is similar to other rights plans adopted by publicly-traded companies. The Rights Plan has the following specific terms:

      (1) The rights will generally become exercisable only if a person or group acquires beneficial ownership of 15% or more of Verso's common stock in a transaction not approved by the Board;

      (2) The Rights Plan expires on the earlier of (a) one year, (b) the redemption or exchange of the Rights, (c) the Board's determination to not pursue any strategic alternatives and (d) upon the approval by the Company's stockholders of any strategic transaction recommended by the Board;

      (3) The rights will not be issued if there is a "qualifying transaction" which satisfies the following criteria: (a) the offer is a fully financed, all-cash tender offer or an exchange offer offering shares of the offeror traded on a national securities exchange (or a combination thereof); (b) for any and all of the outstanding shares of common stock of the Company; and (c) at the same per-share consideration for all such shares; and

      (4) Each holder of a right (other than the acquiring person or group, whose rights will become void and will not be exercisable) will have the right to receive for 50% of the market value (determined pursuant to the terms of the Rights Plan) a certain number of shares of Verso's common stock, calculated in accordance with terms of Rights Plan. In addition, if Verso is acquired in a merger or other business combination after an acquiring person acquires 15% or more of Verso' common stock, each holder of the right would thereafter have the right to receive for a purchase price equal to 50% of the then current market value a certain number of shares of common equity interest of the acquiring person that is a party to such transaction. The acquiring person or group would not be entitled to exercise these Rights.

      In the Rights Plan, the definition of "beneficial ownership" includes derivative securities.

      Further details of the Rights Plan will be contained in a Current Report on Form 8-K and a Registration Statement on Form 8-A that Verso will be filing with the Securities and Exchange Commission (SEC).

      Akin Gump Strauss Hauer & Feld, LLP is serving as legal advisor to Verso and Houlihan Lokey Capital, Inc. is serving as financial advisor to Verso.

      About Verso
      Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at
      www.versoco.com 

      • verso corporation
      • verso
      • Verso Paper Corp
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        no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Mon, 08 Jul 2019 11:23:14 +0200
        Verso Corporation Explores Strategic Alternatives And Approves Adoption Of Stockholder Rights Plan http://www.pulp-paperworld.com/fr/item/8137-verso-corporation-explores-strategic-alternatives-and-approves-adoption-of-stockholder-rights-plan http://www.pulp-paperworld.com/fr/item/8137-verso-corporation-explores-strategic-alternatives-and-approves-adoption-of-stockholder-rights-plan

        Verso Corporation has just announced that its Board of Directors had in late March of 2019, reengaged Houlihan Lokey Capital, Inc. as the company's financial advisor to assist Verso in identifying and evaluating a range of potential strategic alternatives, including a possible merger, joint venture, partnership, business combination, stock repurchase, recapitalization, sale, distribution, transfer or other disposition or acquisition of assets or equity interests, while the Company conducts its search to identify and retain a permanent chief executive officer.

        Alan Carr, Co-Chairman of the Board, stated, "In light of recent headwinds faced by Verso and many of our competitors, we have taken several steps to address our challenges, including the announcement of the closure of the Luke Mill and the announcement of a change in leadership."

        verso logo 2018Gene Davis, Co-Chairman of the Board added, "We are very pleased with the efforts of our interim Chief Executive Officer, Leslie Lederer, former chairman and interim president and CEO of Catalyst Paper, who, within a very short period of time, has provided invaluable direction, experience and expertise to the role. However, we have yet to select a permanent chief executive officer and, given industry wide challenges, we believe it is imperative for us to explore all of our options."

        The Company also announced that the Board has approved the adoption of a limited duration stockholder rights plan (the "Rights Plan") and authorized a dividend distribution of one right ("Right") for each outstanding share of common stock, subject to the Board's approval of final documentation.

        The Rights Plan is intended to enable all Verso stockholders to realize the full potential value of their investment in the Company and to protect their interests by reducing the likelihood that any person or group gains control of Verso through open market accumulation or other tactics without paying an appropriate control premium. In addition, the Rights Plan provides the Board with time to make informed decisions that maximize the value of Verso for the benefit its stockholders and does not deter the Board or stockholders from considering any offer that is fair and otherwise in the best interest of Verso's stockholders.  The Board determined to approve the adoption of the Rights Plan in order to encourage all potential participants to participate in the strategic process, rather than through unsolicited offers designed to discourage a full and fair process.

        The Rights Plan is similar to other plans adopted by publicly-traded companies and has the following specific terms:

        (1)

        The rights generally would become exercisable only if a person or group acquires beneficial ownership of 15% or more of Verso's common stock in a transaction not approved by the Board;

        (2)

        The Rights Plan does not include so-called "wolfpack" language, but does apply to groups acting in concert with respect to the acquisition or disposition of the Company's equity or assets;

        (3)

        The Rights Plan would expire on the earlier of (a) one year, (b) the Board's determination to not pursue any strategic alternatives and (c) upon the approval by the Company's stockholders of any strategic transaction recommended by the Board;

        (4)

        The Rights Plan will be "chewable."  In other words, the rights will not be issued if an offer meets the following criteria: (a) the offer is a fully financed, all-cash tender offer or an exchange offer offering shares of the offeror traded on a national securities exchange (or a combination thereof); (b) for any and all of the outstanding shares of common stock of the Company; (c) with a minimum condition of at least 80% of the outstanding shares of the Company and (d) at the same per-share consideration for all such shares.

        Each holder of a right (other than the acquiring person or group, whose rights will become void and will not be exercisable) will have the right to receive for 50% of the then current market value a certain number of shares of Verso's common stock, calculated in accordance with terms of Rights Plan. In addition, if Verso is acquired in a merger or other business combination after an acquiring person acquires 15% or more of Verso' common stock, each holder of the right would thereafter have the right to receive for a purchase price equal to 50% of the then current market value a certain number of shares of common equity interest of the acquiring person that is a party to such transaction. The acquiring person or group would not be entitled to exercise these Rights. In the Rights Plan, the definition of "beneficial ownership" includes derivative securities.

        Further details of the Rights Plan will be contained in a Current Report on Form 8-K that Verso will be filing with the Securities and Exchange Commission (SEC). These filings will be available on the SEC's web site at www.sec.gov.

        Akin Gump Strauss Hauer & Feld, LLP is serving as legal advisor to Verso.

        About Verso
        Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at versoco.com.

        • verso corporation
        • verso
        • Verso Paper Corp
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          no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Mon, 08 Jul 2019 09:32:32 +0200
          Publishing of Valmet's Half Year Financial Review January - June 2019 on July 23, 2019 http://www.pulp-paperworld.com/fr/item/8126-publishing-of-valmet-s-half-year-financial-review-january-june-2019-on-july-23-2019 http://www.pulp-paperworld.com/fr/item/8126-publishing-of-valmet-s-half-year-financial-review-january-june-2019-on-july-23-2019

          Valmet's Half Year Financial Review for January 1 - June 30, 2019 will be published on Tuesday, July 23, 2019 at approximately 3:00 p.m Finnish time (EET). The stock exchange release and presentation material in Finnish and in English will be available at that time on Valmet's website at www.valmet.com/investors.

          News conference for analysts, investors and media

          valmet logo rgbValmet will arrange a news conference in English for investment analysts, investors, and media on Tuesday, July 23, 2019 at 4:00 p.m. Finnish time (EET). The news conference will be held at Valmet Head Office in Keilaniemi, Keilasatama 5, 02150 Espoo, Finland. President and CEO Pasi Laine and CFO Kari Saarinen will be presenting at the news conference.

          Webcast

          The news conference can also be followed through a live webcast at www.valmet.com/webcasts. The live webcast starts at 4:00 p.m. (EET) and a recording of the webcast will be available shortly after the event at the same address.

          Conference call

          It is also possible to take part in the news conference through a conference call. Conference call participants are requested to dial in at least five minutes prior to the start of the conference, at 3:55 p.m. (EET), at +44 2071 928000. The participants will be asked to provide the following conference ID: 2883129.

          During the webcast and the conference call, all questions should be presented in English. After the webcast and the conference call, media has a possibility to interview the management in Finnish.

          The event can also be followed on Twitter at www.twitter.com/valmetir.

          Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

          Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

          Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

          Read more www.valmet.com

          • valmet
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            no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Wed, 26 Jun 2019 10:41:21 +0200
            Resolute Completes Five-Year Extension of ABL Credit Facility http://www.pulp-paperworld.com/fr/item/8100-resolute-completes-five-year-extension-of-abl-credit-facility http://www.pulp-paperworld.com/fr/item/8100-resolute-completes-five-year-extension-of-abl-credit-facility

            Resolute Forest Products Inc. have just announced a 5-year extension of its senior secured asset-based revolving credit facility ("ABL credit facility") with an aggregate lender commitment of up to $500 million at any time outstanding, subject to borrowing base availability based on specified advance rates, eligibility criteria and customary reserves.

            abiti122011"This successful extension improves certain terms and conditions, and supports the execution of our growth and transformation initiatives for the future," said Yves Laflamme, president and chief executive officer. "By renewing and extending the ABL through May 2024, we are taking advantage of our strong financial position and of attractive bank market conditions to lock-in a competitive source of liquidity for the long-term," added Remi Lalonde, senior vice president and chief financial officer.

            The ABL facility is completely undrawn, with the exception of approximately $51 million of ordinary course letters of credit outstanding. The extension of the ABL credit facility includes a number of modifications, including a voluntary reduction in the lenders commitment of $100 million, which will lower fees while preserving the current available liquidity. The $500 million facility includes a $300 million tranche available to Resolute's U.S. borrowers and its Canadian borrowers, as well as a $200 million tranche available only to its U.S. borrowers, in each case subject to the borrowing base availability of those borrowers. The facility includes a $60 million swingline sub-facility and a $200 million letter of credit sub-facility. The credit agreement also provides for an uncommitted ability to increase the revolving credit facility by up to $500 million, subject to certain terms and conditions.

            The credit agreement for the ABL facility contains customary covenants, representations and warranties, and events of default for asset-based credit agreements of this type. The company's obligations under the facility are guaranteed by certain material subsidiaries and they are secured by first priority liens on accounts receivable, inventory and related assets.

            The ABL credit facility is provided by a syndicate of six banks, with Bank of America as administrative agent and collateral agent. Bank of America, Wells Fargo and Bank of Montreal acted as joint lead arrangers and joint bookrunners; CIBC and TD acted as co-documentation agents.

            Troutman Sanders LLP and McCarthy Tétrault LLP represented Resolute.

            About Resolute Forest Products

            Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers, which are marketed in close to 70 countries. The company owns or operates some 40 facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.

            Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.

            SOURCE Resolute Forest Products Inc.

            • Resolute Forest Products
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              no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Mon, 20 May 2019 16:23:45 +0200
              Pulpwood prices in North America were 5-10% higher in the 1Q/19 than the 1Q/18 http://www.pulp-paperworld.com/fr/item/8096-pulpwood-prices-in-north-america-were-5-10-higher-in-the-1q-19-than-the-1q-18 http://www.pulp-paperworld.com/fr/item/8096-pulpwood-prices-in-north-america-were-5-10-higher-in-the-1q-19-than-the-1q-18

              Pulpwood prices in North America were 5-10% higher in the 1Q/19 than the 1Q/18, with prices in the US South having increased the most due to challenging weather conditions, as reported by the North American Wood Fiber Review

              pulpwoodThe winter weather impacted availability and costs for pulplogs and wood chips in both Canada and the US in late 2018 and early 2019, according to the North American Wood Fiber Review. Slowing lumber production throughout North America led to reduced supplies of residual chips and slightly higher prices in early 2019.

              Seattle, USA. Prices for pulplogs and wood chips moved up slightly in the US in the 1Q/19 while they were unchanged or slightly lower in Canada, as compared to the 4Q/18, according to the latest issue of the North American Wood Fiber Review. For several regions in North America, the year began with higher fiber prices due to harvesting slowdowns after some inclement weather. In the US South Central and Southeast regions, there was particular demand for hardwood fiber, which resulted in an uptick in prices. These were also the regions that saw the highest quarter-to-quarter (q-o-q) increases on the continent in the 1Q/19.

              US South

              Pulpmills along the US Atlantic coast saw their wood fiber costs rise almost 10% over the past year both because of higher transportation costs and tighter log supplies due to difficult weather conditions. The harsh weather continued into the second half of 2018 as the region was hit with hurricanes and extreme rain. Hurricane Florence in the third quarter and Hurricane Michael in the fourth quarter led to wet ground conditions that slowed harvest operations and interrupted of the hauling of logs across the region.

              With the tight supply of wood fiber, wood chip and pulplog prices in the 1Q/19 reached their highest levels in almost seven years in both in the South Central and Southeastern states.

              Softwood sawlog prices remained unchanged in the 1Q/19 from the previous quarter and were practically the same as they were in 2017 and 2018.

              US Northwest

              woodchipsPrices for both wood chips and pulplogs in the US Northwest increased by a few percent q-o-q in the 1Q/19, continuing the upward price trend seen over for the past two years. Log supply for both sawmills and pulpmills tightened during the rainy season and when fires restricted logging and hauling during the summer months. The latest price increases took chip and pulplog prices to their highest levels in seven years.

              Sawlog prices have fallen substantially in Washington and Oregon over the past six months as lumber demand fell in the domestic market, and lumber prices in April reached their lowest levels in over four years. In the 1Q/19, average sawlog prices in the Northwest were over 20% lower than in the 1Q/18.

              US Lake States

              Rain and snow in early 2019 made logging and hauling challenging in the Lake States. Low inventories of wood fiber resulted in modest price increases of both pulplogs and wood chips in the 1Q/19. Prices were up 2-3% for hardwood fiber q-o-q, partly because of longer hauling distances. One interesting development was that during the first few months of the year, fiber buyers from Alabama purchased from as far away as the Lake States, transporting hardwood pulplogs down to their mills as local supply became tight.

              US Northeast

              Snowstorms disrupted harvesting and trucking in Maine during the 1Q/19, which negatively affected fiber inventory levels in the region. With no promise of a longer winter season before breakup, fiber prices for both softwood and hardwood pulplogs rose to incentivize timely harvesting and deliveries. Prices for softwood and hardwood pulplogs were up 5% and 7% respectively, from the 1Q/18 to the 1Q/19, reaching their highest levels since early 2016.

              Canada West

              In the 1Q/19, residual chip price trends in the western provinces were mixed. As prices fell from the previous quarter in British Columbia’s Coast and North Interior regions, they rose in the Southern Interior of BC and in Alberta. Year-over-year, chip prices in the Interior of BC have gone up almost 15% in Canadian dollar terms, while price increases in US dollar terms have been quite modest. The tightening supply of sawmill chips over the past six months has increased demand for pulplogs and resulted in higher prices for pulplogs throughout British Columbia.

              Canada East

              Challenging weather conditions during the winter months affected harvesting operations in Eastern Canada, from Ontario in the west to the Maritime provinces in the east. Slowing operating rates at the region’s sawmills reduced the availability of sawmill residuals, and increased the demand for pulplogs. The highest increases in wood fiber prices in Eastern Canada the past year were seen in hardwood pulplogs, which were about 5% higher in the

              1Q/19 than the same quarter in 2018. Softwood sawlog prices in Ontario and Quebec have been quite stable for over a year, holding at their lowest levels since 1999.

              About the North American Wood Fiber Review (NAWFR): The newly revamped market report has tracked wood fiber markets in the US and Canada for over 35 years and it is the only publication that includes prices for sawlogs, pulpwood, wood chips and biomass in North America. The 36-page quarterly report includes wood market updates for 15 regions on the continent in addition to the latest export statistics for sawlogs, lumber, wood pellets and wood chips. To learn more about the NAWFR, please go to www.WoodPrices.com

              • Wood Resources International LLC
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                no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Thu, 09 May 2019 21:28:51 +0200
                Lenzing makes a very solid start to the 2019 financial year http://www.pulp-paperworld.com/fr/item/8088-lenzing-makes-a-very-solid-start-to-the-2019-financial-year http://www.pulp-paperworld.com/fr/item/8088-lenzing-makes-a-very-solid-start-to-the-2019-financial-year

                Lenzing – The Lenzing Group continued its solid development in the first quarter of 2019. Despite a much tighter market environment, the Lenzing Group even recorded a slight increase in revenue, proving once again that it has chosen the right path with its sCore TEN corporate strategy. The declining prices for standard viscose were largely offset in earnings.

                • Very positive development of the specialty fiber business with a 47 percent share in revenue
                • Market environment for standard viscose still very tight
                • Resolution on dividend: EUR 3.00 plus special dividend of EUR 2.00 per share
                • Outlook confirmed: Earnings for 2019 expected at a similar level as in 2018

                Group revenue rose by 1.8 percent to EUR 560 mn in the first quarter of 2019 compared with the same quarter of 2018. This increase is primarily attributable to a better product mix – the share of specialty fibers in revenue of 47.3 percent significantly exceeded the prior-year value of 42.1 percent – and more favorable exchange rates. Consequently, declining prices for standard viscose were more than offset. EBITDA (earnings before interest, tax, depreciation and amortization) dropped by 9.5 percent to EUR 92 mn. In addition to the market environment for standard viscose, this was primarily caused by currency effects, which burdened material and personnel costs. The EBITDA margin dropped from 18.5 percent in the first quarter of 2018 to 16.4 percent in the reporting period. EBIT (earnings before interest and tax) fell by 21.1 percent to EUR 54.4 mn, leading to a lower EBIT margin of 9.7 percent (01-03/2018: 12.5 percent). Net profit for the period dropped by 14.5 percent from EUR 50 mn in the previous year to EUR 42.8 mn. Earnings per share amounted to EUR 1.65 (01-03/2018: EUR 1.89).

                The 75th Annual General Meeting of Lenzing AG on April 17, 2019 resolved to distribute a dividend of EUR 3.00 per share as well as a special dividend totaling EUR 2.00 per share.

                2019 05 08 073432

                “Our specialty fiber business is still developing very well, which has made us significantly more resilient today than only a few years ago. In order to become even more resistant to market fluctuations, we continue to advance the implementation of the sCore TEN strategy and the planned major projects in Brazil and Thailand with great discipline”, says Stefan Doboczky, Chief Executive Officer of the Lenzing Group.

                Expansion of pulp and lyocell capacities

                CAPEX (acquisition of property, plant and equipment) dropped by 22.4 percent to EUR 45.7 mn in the first quarter of 2019. This decline is attributable to the completion of the expansion project in Heiligenkreuz (Austria) in 2018 and the ongoing planning for the major projects in Brazil and Thailand, which will only have an effect on the investment volume in the coming quarters. The basic engineering for the construction of the new lyocell plant in Prachinburi, near Bangkok, is making equally good progress as the planned establishment of the pulp plant in Minas Gerais.

                Heiligenkreuz at full capacity again

                At the site in Heiligenkreuz a fire occurred on February 1, 2019 causing a shutdown of the lyocell production for several weeks. Material damage and the damage resulting from the interruption of operations are covered by insurance. Production at the site is now running at full capacity again.

                Even greater focus on innovation and customer intimacy

                Lenzing also continues to intensify its collaboration with next generation fashion designers in Asia. Recently, with the TENCEL™ Studio, a design center featuring fashion from TENCEL™ fibers was opened in Singapore. The center is the next step in the effort to give consumers an insight into innovations and new applications. In the area of nonwovens, another milestone was set with the start of the establishment of an innovation center in Germany. The new test facility, which is being set up in cooperation with the Hof University of Applied Sciences, enables Lenzing to work even more closely with its customers and partners in the hygiene, cosmetics and medical industries.

                Sustainability: Partner for Change

                For the Lenzing Group, sustainability is not only a core value of the corporate strategy but also a key business driver and stimulus for innovation. The focus of the Sustainability Report 2018, which was published in March of this year, is on the wide range of activities the company is engaged in pursuing its mission of greening up the value chain. The Report is entitled “Partner for Change“, with the most recent example of this concept being the cooperation with the Swiss retailer Coop and the Austrian supermarkets of REWE International AG. Together their new reusable net bags for fruit and vegetables, Lenzing and its partners offer consumers an eco-friendly alternative to plastic packaging. Reusable net bags made from LENZING™ modal fibers offer a significant ecological advantage over conventional plastic packaging because of their natural origin, which makes them biodegradable and compostable.

                Outlook

                The International Monetary Fund expects a slowdown of global economic growth to 3.3 percent in 2019, mainly driven by increasing protectionist tendencies and growing geopolitical tensions. The currency environment in the regions relevant to Lenzing will remain volatile.

                Demand on the global fiber markets is still positive. According to preliminary calculations, cotton inventory levels should decline slightly again in 2019. Over the past months, the polyester market recovered from slower growth at the beginning of the reporting year. The price levels for cotton and polyester are expected to remain stable. Capacity expansions for standard viscose should remain at a similar level as in the 2018 financial year. Despite strong demand, this will result in growing oversupply, which will cause even higher pressure on prices. The Lenzing Group expects the positive development of its specialty fiber business to continue.

                Caustic soda prices in Asia have already declined significantly over the past months; however, there are no signs of such a development in Europe yet. Overall, Lenzing does not expect any significant changes for key raw materials that would be relevant to earnings.

                Based on the current exchange rates, the Lenzing Group continues to expect its results for 2019 to reach a similar level as in 2018 despite a much tighter market environment for standard viscose. These developments reassure the Lenzing Group in its chosen corporate strategy sCore TEN. Lenzing is very well positioned in this market environment and will continue its consistent focus on growth with specialty fibers.

                About the Lenzing Group

                The Lenzing Group stands for ecologically responsible production of specialty fibers made from the renewable raw material wood. As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments.

                The Lenzing Group’s high-quality fibers form the basis for a variety of textile applications ranging from elegant ladies clothing to versatile denims and high-performance sports clothing. Due to their consistent high quality, their biodegradability and compostability Lenzing fibers are also highly suitable for hygiene products and agricultural applications.

                The business model of the Lenzing Group goes far beyond that of a traditional fiber producer. Together with its customers and partners, Lenzing develops innovative products along the value chain, creating added value for consumers. The Lenzing Group strives for the efficient utilization and processing of all raw materials and offers solutions to help redirect the textile sector towards a closed- loop economy.

                • lenzing
                  ]]>
                  no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Wed, 08 May 2019 07:37:36 +0200
                  Valmet revises upwards its net sales guidance for 2019 due to the acquisition of GL&V http://www.pulp-paperworld.com/fr/item/8002-valmet-revises-upwards-its-net-sales-guidance-for-2019-due-to-the-acquisition-of-gl-v http://www.pulp-paperworld.com/fr/item/8002-valmet-revises-upwards-its-net-sales-guidance-for-2019-due-to-the-acquisition-of-gl-v

                  Valmet announced the acquisition of GL&V, a global provider of technology and services to the pulp and paper industry, by press release on February 26, 2019. Following the acquisition, Valmet revises upwards its net sales guidance for 2019. The new guidance is subject to the completion of the acquisition, which is estimated to take place on April 1, 2019 at the earliest.

                  New guidance for 2019:

                  valmet logoValmet estimates that net sales in 2019 will increase in comparison with 2018 (EUR 3,325 million) and Comparable EBITA in 2019 will increase in comparison with 2018 (EUR 257 million). The guidance is subject to the completion of the acquisition of GL&V.

                  Previous guidance for 2019 (as announced in the Financial Statements Review 2018 on February 7, 2019):

                  Valmet estimates that net sales in 2019 will remain at the same level as in 2018 (EUR 3,325 million) and Comparable EBITA in 2019 will increase in comparison with 2018 (EUR 257 million).

                  Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

                  Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

                  Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

                  Read more www.valmet.com

                  • valmet
                    ]]>
                    no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Thu, 28 Feb 2019 08:52:48 +0100
                    Valmet hosts a Capital Markets Day today, September 18, 2018 in Helsinki http://www.pulp-paperworld.com/fr/item/7872-valmet-hosts-a-capital-markets-day-today-september-18-2018-in-helsinki http://www.pulp-paperworld.com/fr/item/7872-valmet-hosts-a-capital-markets-day-today-september-18-2018-in-helsinki

                    valmet logoValmet hosts a Capital Markets Day for institutional investors and analysts today, Tuesday, September 18, 2018 in Helsinki. The aim of the event is to provide information and an update on Valmet's progress in strategy execution and business outlook. Valmet's strategy and financial targets remain unchanged.

                    "We have made consistent progress in our strategic focus areas and financial performance. Valmet's market position is strong and our offering, which combines process technology, services and automation, is unique. We are continuously developing and improving our technology, processes and personnel, while keeping customers at the core of Valmet's operations. Our systematic work for building the future continues", says Pasi Laine, President and CEO of Valmet.

                    Presentation material and webcast

                    Live webcast of the Capital Markets Day will begin at 12:00 noon EET at www.valmet.com/cmd2018. The presentation material will be available at the same address at approximately 11:00 am EET. A recording of the webcast will be available on Wednesday, September 19, 2018. The language of the event and material is English.

                    Further information, please contact:

                    Calle Loikkanen, Director, Investor Relations, Valmet, tel. +358 10 672 0020

                    Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

                    Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

                    Valmet's net sales in 2017 were approximately EUR 3.1 billion. Our more than 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

                    • valmet
                    • valmet corporation
                      ]]>
                      no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Tue, 18 Sep 2018 08:32:26 +0200
                      BillerudKorsnäs Capital Markets Webcast 2018: “Unlocking the Potential” http://www.pulp-paperworld.com/fr/item/7870-billerudkorsnaes-capital-markets-webcast-2018-unlocking-the-potential http://www.pulp-paperworld.com/fr/item/7870-billerudkorsnaes-capital-markets-webcast-2018-unlocking-the-potential

                      “Unlocking the Potential” is the main theme of BillerudKorsnäs’ Capital Markets Webcast on 17 September 2018. During the webcast, BillerudKorsnäs will provide a strategy update including more insights into the Next Generation and Production Excellence programmes. The group’s long-term financial targets remain unchanged. In addition, new KPIs to measure the group’s progress over the next years will be presented.

                      BillerudKorsnäs estimates that global demand for sustainable packaging solutions will remain strong, with a growth rate in the packaging market of approximately 3% CAGR. Following a long period of large investments, driven principally by the new KM7 board machine, BillerudKorsnäs is ready to unlock its potential and strengthen its leading position.

                      billkorlogoNext Generation is close to completion and entails the construction of KM7 and renovations to the existing pulp mills. As well as adding new capacity, this will also contribute to more focused production facilities. The total investment for KM7 is expected to amount to SEK 7.6 billion, which is higher than the previous estimate due to increased costs for the civil and construction project as well as negative currency effects. The machine will be started in March-April 2019 and is expected to produce ~240 ktonnes in 2019 and 390 ktonnes in 2020. The group’s total capital expenditure is expected to amount to SEK 5.3 billion in 2018 and SEK 2.75 billion in 2019, and will level out at SEK 1.3 billion in 2020.

                      BillerudKorsnäs will continue to pursue its strategy for sustainable solutions and profitable growth, with focus on position, innovation, sustainability and effectiveness. To unlock its full potential over the next years, the group will follow an agenda of prioritised activities aimed at securing the successful ramp-up of KM7, safeguarding the wood supply, stabilising production, enhancing effectiveness, and accelerating innovation and solutions. BillerudKorsnäs has identified certain KPIs to monitor the progress of this work.

                      “Sustainable packaging has a bright future and BillerudKorsnäs is in a position to increase the pace of challenging the conventional with new solutions. I look forward to presenting our priorities for the next few years, with an agenda that reflects our strong potential”, says Petra Einarsson, BillerudKorsnäs President and CEO.

                      Unchanged long-term financial targets
                      BillerudKorsnäs will continue to pursue the following long-term financial targets:

                      - Organic growth of 3-4% per year
                      - The EBITDA margin should exceed 17%
                      - Return on capital employed should exceed 13%
                      - Interest-bearing net debt in relation to EBITDA should be below 2.5
                      - The dividend should amount to 50% of net profit

                      For the new divisions, average annual growth (CAGR 2017-2023) is expected to amount to 0-2% for Paper, 4-5% for Board, and 15-25% for Solutions.

                      KM7 financial impact

                      - Expected total impact on EBITDA from KM7 ramp-up:

                      • 2019 SEK -500 million
                      • 2020 SEK -200 million
                      • 2021 EBITDA positive

                      KPIs
                      BillerudKorsnäs has set the following KPIs to simplify measurement of the group’s progress over the next years:

                      - An improvement of 4 percentage points in overall equipment efficiency (OEE) over the next 2 years, equivalent to an EBITDA improvement of SEK 100 million for each percentage point
                      - A reduction in lost time injury frequency rate (LTIFR) from 7.7 in 2017 to less than 1.5 in 2023
                      - An increase in new product ratio (NPR) from 7% in 2017 to 15% in 2023

                      Market outlook Q3
                      In the Capital Markets Webcast, BillerudKorsnäs will also provide an update on the market outlook for the third quarter of 2018:

                      - Demand and order situation are expected to continue to be strong, with normal seasonal variations for all business areas
                      - Possibilities of selected sales price increases remain
                      - Demand-driven wood cost increases are expected to continue
                      - The financial impact on Q3 2018 from the wood shortage is estimated to be SEK -40 million

                      Participation details
                      BillerudKorsnäs will present its view of the potential and targets for the next years during the Capital Markets Webcast on 17 September 2018 between 10.00-12.00 CEST. A link to the webcast is provided at https://www.billerudkorsnas.com/CMD2018. To participate by phone and in the Q&A session, please use the following dial-ins:

                      Sweden: +46 8 566 42 651
                      UK: +44 3333 000 804
                      US: +1 631 9131 422

                      PIN: 49760855#

                      • BillerudKorsnäs
                        ]]>
                        no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Mon, 17 Sep 2018 06:35:54 +0200
                        Brigl & Bergmeister announces 11% price increase on all deliveries effective January 1st 2019. http://www.pulp-paperworld.com/fr/item/7865-brigl-bergmeister-announces-11-price-increase-on-all-deliveries-effective-january-1st-2019 http://www.pulp-paperworld.com/fr/item/7865-brigl-bergmeister-announces-11-price-increase-on-all-deliveries-effective-january-1st-2019

                        2018 09 14 081218This measure is inevitable and aimed to partially offset the continuous and extreme increase of raw material cost over the previous months.

                        Our experience of the past two years has shown that especially the pulp market remains very volatile and unpredictable. To protect the mutual interest of our customers and us we could offer longer price validities only when they are indexed on the market pulp price.

                        In addition to the cost increase in raw material, the energy market also expects a sharp price increase which will remain an additional challenge to our industry.

                        We would like to kindly emphasize and assure our customers and partners in the supply chain that we have taken all internal measures to optimise our cost and efficiency ensuring the lowest possible effect on our product pricing.

                        • brigl & Bergmeister
                          ]]>
                          no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Fri, 14 Sep 2018 08:10:36 +0200
                          Latest market data demonstrate strong performance of European pulp and paper industry http://www.pulp-paperworld.com/fr/item/7813-latest-market-data-demonstrate-strong-performance-of-european-pulp-and-paper-industry http://www.pulp-paperworld.com/fr/item/7813-latest-market-data-demonstrate-strong-performance-of-european-pulp-and-paper-industry

                          CEPI, the European association representing the pulp and paper industry, today released its annual market and industry review for 2017 which confirms, despite a challenging global environment, the strong performance of industry in Europe.

                          cepilogoThe 2017 figures demonstrate that the European pulp and paper industry is achieving a phenomenal turn around. Whether it is production, added value or exports, all key indicators are positive. The current level of investment, not seen since 2005, is indicative of industry’s self-confidence and the acceleration of its transformation.” says Sylvain Lhôte, CEPI Director General.

                          The latest investment figures also bode well for the industry’s ambitious investment agenda. 2017 exhibited a 7.5% growth of investment from 2016, at over 5 billion euros, which is aligned with the transformation outlined in the industry’s 2050 ‘Investment Roadmap’.  

                          Consumption of paper is up by 0.5%, a significant increase based on previous trends. Similarly the production of paper and board is up 1.5% from 2016, benefiting from a more favourable economic environment and from conditions promoting sustainable solutions.

                          Exports were particularly strong tallying a 5.2% increase from 2016, a noteworthy figure in the background of growing international tensions on trade.

                          Likewise the industry has also proved performant when it comes to paper for recycling. Notwithstanding the introduction in 2017 of the Chinese waste import restrictions, the paper and board recycling rate has increased to 72.3%. This comes in the same year that industry has witnessed a 1.4% increase in the utilisation of paper for recycling.

                          For futher information please contact Bernard Lombard CEPI General at j.ringman@cepi.org

                          • cepi
                            ]]>
                            no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Wed, 18 Jul 2018 09:26:02 +0200
                            Kemira increases prices of sizing technologies http://www.pulp-paperworld.com/fr/item/7808-kemira-increases-prices-of-sizing-technologies http://www.pulp-paperworld.com/fr/item/7808-kemira-increases-prices-of-sizing-technologies

                            Kemira rgb negKemira, a global chemicals company serving customers in the pulp and paper industry, announces price increases for sizing technologies globally.

                            Effective immediately or as contracts allow, the price of FennoSize ASA and AKD based offerings will increase by up to 15%.

                            The decision is triggered by continuous cost increases of raw materials, energy and logistics, and regulatory compliance requirements combined with limited availability of key raw materials which are used in the manufacturing of these technologies.

                            ]]>
                            no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Thu, 12 Jul 2018 08:47:46 +0200
                            BillerudKorsnäs will make a provision of SEK 450 million in the second quarter 2018 http://www.pulp-paperworld.com/fr/item/7805-billerudkorsnaes-will-make-a-provision-of-sek-450-million-in-the-second-quarter-2018 http://www.pulp-paperworld.com/fr/item/7805-billerudkorsnaes-will-make-a-provision-of-sek-450-million-in-the-second-quarter-2018

                            BillerudKorsnäs has within the scope of the recently launched group-wide program for improved production efficiency decided to implement measures with the aim of strengthening the workplace efficiency and environment at several of the Group’s mills. In total, a provision of approximately SEK 450 million will be made, of which approximately SEK 200 million will impact cash flow over a three-year period. The provision will have a negative effect on the result in the second quarter of 2018.

                            billkorlogoThe measures to strengthen the workplace environment will be taken during the ordinary maintenance shutdowns, starting after the summer, and continue through two to three maintenance cycles, depending on the work carried out. The measures will include demolition of old buildings and decontamination.

                            As the final stage of the consolidation of Billerud and Korsnäs, it has also been decided to implement unified accounting principles regarding spare parts and consumables at the mills, which will lead to impairment losses with effect in the second quarter.

                            In total, a provision of approximately SEK 450 million, of which approximately SEK 200 million will impact cash flow over a three-year period, will be made in the second quarter of 2018.

                            The provision will be reported as an item affecting comparability under unit Other. The interim report for the period January-June 2018 will be published on 18 July 2018.

                            For more information, please contact:
                            Susanne Lithander, CFO, +46 (0)8 553 335 07

                            Christopher Casselblad, Investor Relations, +46 (0)8 553 335 08

                            • BillerudKorsnäs
                              ]]>
                              no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Wed, 11 Jul 2018 08:50:51 +0200
                              Sonoco Implementing Price Increase for All Uncoated Recycled Paperboard Products http://www.pulp-paperworld.com/fr/item/7757-sonoco-implementing-price-increase-for-all-uncoated-recycled-paperboard-products http://www.pulp-paperworld.com/fr/item/7757-sonoco-implementing-price-increase-for-all-uncoated-recycled-paperboard-products

                              logo bluSonoco (NYSE:SON) has just announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning July 2, 2018.  

                              Sonoco cited continuing inflation of input costs, especially freight and papermaking chemicals, and significantly longer backlogs at its mills as the drivers for this pricing action.

                              Sonoco is one of the largest integrated manufacturers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website, www.sonoco.com, or contact the Company at 1-800-377-2692.

                              • sonoco
                                ]]>
                                no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Thu, 31 May 2018 11:08:03 +0200
                                Kemira Pulp & Paper segment implements price adjustment to offset increasing freight costs in North America http://www.pulp-paperworld.com/fr/item/7725-kemira-pulp-paper-segment-implements-price-adjustment-to-offset-increasing-freight-costs-in-north-america http://www.pulp-paperworld.com/fr/item/7725-kemira-pulp-paper-segment-implements-price-adjustment-to-offset-increasing-freight-costs-in-north-america

                                Logo slogan belowEffective June 1, 2018, to offset rapid and unprecedented increases in freight costs, Kemira will implement a $0.02/pound price adjustment for all Process & Functional Chemicals sold on a delivered basis to pulp and paper customers in North America. The increase will apply to all customers whose price has not been previously adjusted for freight during 2018 and is independent of any future price adjustments based on raw material and manufacturing cost changes. 

                                "Transportation costs have risen significantly and continue to rise. Carriers have raised freight rates to offset increasing costs due to the new "Electronic Logging Device and Hours of Service Rule" and a well-documented driver shortage. Likewise, our raw material suppliers are implementing price increases and/or freight surcharges to offset these same market forces," says Billy Ford, Senior Vice President, Pulp & Paper Americas. "While Kemira has taken every possible mitigating step, we are unfortunately no longer able to absorb these increased costs."

                                • Kemira
                                  ]]>
                                  no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Fri, 18 May 2018 10:30:48 +0200
                                  Hardwood pulp manufacturers in Europe have the highest wood fiber costs in the world despite price declines the past six years http://www.pulp-paperworld.com/fr/item/7719-hardwood-pulp-manufacturers-in-europe-have-the-highest-wood-fiber-costs-in-the-world-despite-price-declines-the-past-six-years http://www.pulp-paperworld.com/fr/item/7719-hardwood-pulp-manufacturers-in-europe-have-the-highest-wood-fiber-costs-in-the-world-despite-price-declines-the-past-six-years

                                  WoodPricesHeader

                                  Hardwood pulp manufacturers in Europe have some of the highest wood fiber costs in the world despite prices for hardwood pulplogs having trended downward in most key markets on the continent over the past six years. In the second half of 2017, this trend reversed, with fiber prices going up in both the local currencies and in US dollar terms. In the 4Q/17, prices for hardwood logs in Spain and Finland were the highest on the continent, while French and Swedish prices were on the lower end of the hardwood cost spectrum, according to the Wood Resource Quarterly. 

                                  Hardwood fiber supply in Sweden tightened in late 2017 because of an unusually wet and mild early winter season. The tight supply resulted in odd importations of Eucalyptus chips from both Brazil and Uruguay in late 2017 and early 2018 at prices reported to be that was substantially higher than those for domestically sourced wood fiber. The limited availability of logs resulted in higher prices for hardwood pulplogs during most of 2017 ( after being at an 11-year low in the 4Q/16). Despite the recent price rise in the 4Q/17, birch pulplog costs were about 15% lower than their 10-year average (in US dollar terms).

                                  Prices for softwood chips and pulplogs were also up in Sweden during 2017 because of an imbalance between domestic supply and demand. The higher domestic fiber prices resulted in an increase in importation of softwood chip to Sweden in 2017, which reached almost double the volume imported five years ago. In the last quarter of the year, imports reached the  second highest quarterly volume on record. 

                                  Historically, most imported chips have been destined for the country’s pulpmills, but over the past two years there has been an increase in imported chips to be used for energy. Latvia, Norway, Estonia and Finland, in ranking order, are the major suppliers of softwood chips, accounting for 95% of the total import volume in 2017. With a higher percentage of lower-cost energy chips over the past few years (predominantly from Norway), the average value for imported chips has declined by about 40% 2013 to 2017, according to the WRQ in its 4Q/17 issue. Of the four major supplying countries, Finland supplied the highest cost chips, while Norway was the lowest cost supplier in 2017.

                                  • Wood Resources International LLC
                                    ]]>
                                    no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Fri, 18 May 2018 10:05:32 +0200
                                    Modest increases in wood fiber costs and a substantial rise in market pulp prices have improved profitability for many market pulp manufacturers worldwide http://www.pulp-paperworld.com/fr/item/7718-modest-increases-in-wood-fiber-costs-and-a-substantial-rise-in-market-pulp-prices-have-improved-profitability-for-many-market-pulp-manufacturers-worldwide http://www.pulp-paperworld.com/fr/item/7718-modest-increases-in-wood-fiber-costs-and-a-substantial-rise-in-market-pulp-prices-have-improved-profitability-for-many-market-pulp-manufacturers-worldwide

                                    Modest increases in wood fiber costs and a substantial rise in market pulp prices have improved profitability for many market pulp manufacturers worldwide during the second half of 2017, reports the Wood Resource Quarterly

                                    Pulp manufacturers in many countries have seen their wood fiber costs go up during 2017, with the biggest increases in US dollar terms occurring in Western North America, Europe, Russia and Australia, according to the Wood Resource Quarterly (WRQ). The Global Softwood Fiber Price Index(SFPI) increased for the third consecutive quarter to reach $89.08/odmt in the 4Q/17, 4.0% higher than in the same quarter in 2016.

                                    2018 05 18 095820

                                    Hardwood fiber prices have also trended upwards over the past year, with the Global Hardwood Fiber Price Index(HFPI) reaching its highest level in almost three years during the 4Q/17. In US dollar terms, hardwood fiber prices have gone up the most in Europe, Russia and Indonesia during 2017. The only region that has experienced a decline in wood fiber costs has been the US South, where hardwood pulplog prices were 2.3 % lower in the 4Q/17 than in the 4Q/16.

                                    Wood fiber costs remain the single largest cost component in the manufacture of wood pulp, ranging between 40-60% of the total cash costs, depending on region and pulp grade. The wood fiber costs as a percentage of the price of Northern Bleached Softwood Kraft market pulp (NBSK) have been on a downward trajectory over the past eight years.

                                    The substantial increases in market pulp prices during the 4Q/17 and only small upward price adjustments of pulpwood resulted in the wood fiber cost percentage reaching a record low of 23.2% in the last quarter of 2017 (down from 36% in 2012). Since wood fiber costs account for a majority of the pulp manufacturing costs, the low wood cost share has improved profitability for market pulp manufacturers throughout the world during 2017.

                                    • Wood Resources International LLC
                                      ]]>
                                      no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Fri, 18 May 2018 10:00:32 +0200
                                      SCA increases prices on publication paper http://www.pulp-paperworld.com/fr/item/7712-sca-increases-prices-on-publication-paper http://www.pulp-paperworld.com/fr/item/7712-sca-increases-prices-on-publication-paper

                                      sca newlogoSCA increases prices on coated publication paper, CMR , and improved uncoated publication paper by 40 Euro per tonne.

                                      “ We see a substantially stronger demand for publication paper, “ says Ulf Edman Vice President Sales and Marketing Publication Paper.

                                      The new prices are valid for all deliveries from July 1 this year.

                                      • sca
                                        ]]>
                                        no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Wed, 09 May 2018 10:20:42 +0200
                                        Mitsubishi increases thermal paper prices from 1 July 2018 http://www.pulp-paperworld.com/fr/item/7711-mitsubishi-increases-thermal-paper-prices-from-1-july-2018 http://www.pulp-paperworld.com/fr/item/7711-mitsubishi-increases-thermal-paper-prices-from-1-july-2018

                                        2016 04 08 083453Due to continuing rises in costs for pulp and other raw materials, especially leuco dye (ODB2), Mitsubishi HiTec Paper is increasing its prices for thermal paper for deliveries from 1 July 2018. Prices for the whole THERMOSCRIPT® thermal paper range will be increased by up to 10 % worldwide.

                                        Customers will be contacted directly by a representative of the Mitsubishi sales team.

                                        • mitsubishi hitec paper
                                          ]]>
                                          no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Wed, 09 May 2018 10:11:12 +0200
                                          Industrial Assets Corp. dba BIDITUP Auctions Worldwide Announces Imminent Auction of Sought-After Assets From A Major Corrugated Paper Box Plant http://www.pulp-paperworld.com/fr/item/7706-industrial-assets-corp-dba-biditup-auctions-worldwide-announces-imminent-auction-of-sought-after-assets-from-a-major-corrugated-paper-box-plant http://www.pulp-paperworld.com/fr/item/7706-industrial-assets-corp-dba-biditup-auctions-worldwide-announces-imminent-auction-of-sought-after-assets-from-a-major-corrugated-paper-box-plant

                                          2018 04 30 085738Industrial Assets Corp. dba BIDITUP Auctions Worldwide, a global leader in asset conversion is announcing that the assets from a leading manufacturer of corrugated paper boxes will soon be coming to auction. This significant global webcast auction of some of the most sought-after equipment in the manufacturing of paper boxes will commence on Wednesday May 23, 2018 at 9AM PDT. This online only auction is being conducted in conjunction with Maynard Industries, nationally known experts in the assets auction business.

                                          Featured assets in this sale include:

                                          98”/87” Corrugator • 50”x 110” Martin Transline 4-Color Flexo Folder Gluer • 37”x 96” Martin Midline 5-Color Flexo Folder Gluer • 37”x 96” Martin Midline 4-Color Flexo Folder Gluer • Martin DRO 3-Color Rotary Die Cutter • Bobst 6-Color Flexo Printer • Complete Sprout Bauer Starch System • Bloapco Shredder • Balemaster Auto Tie Baler • Conveyors • Wrappers • Machine Shop • Plant Support Equipment & Much More...

                                          For a catalog and complete listing of the assets for sale, please visit us on the web at www.biditup.com.

                                          “These are high quality assets from a major manufacturer, so a sale of this magnitude is really a very important opportunity for the any customers in the corrugated paper box manufacturing business,” said Steven Mattes, CEO of Industrial Assets Corp. dba BIDITUP Auctions Worldwide. “This auction also includes plant support equipment that would be of interest to any manufacturing facility,” Mattes added.

                                          This global webcast auction will start at 9AM PDT on Thursday May 23, 2018. Assets will be available for inspection Thursday, May 17th and Friday May 18th and again on Monday May 21st and Tuesday May 22nd from 9am - 4pm each day or by appointment.  For more information please call 818-508-7034 or email us at smattes@biditup.com.

                                          Industrial Assets Corp. dba BIDITUP Auctions Worldwide (www.biditup.com) was established in 1977 and is a global leader in asset conversion and provides auction, real estate, and appraisal services to a comprehensive array of markets. The company is recognized as one of the world's leaders in the auction industry.

                                          Maynards (www.maynards.com) manages auctions and valuation projects from eight offices in Canada, the United States, Europe, Japan and China. As auctioneers with an established global presence, they conduct over 100 asset auctions and liquidations each year worldwide.

                                          • industrial assets corp
                                          • biditup
                                            ]]>
                                            no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Mon, 30 Apr 2018 08:56:34 +0200
                                            Hardwood fiber costs for the Swedish pulp industry moved up in late 2017 after a six-year period of declining pulplog prices http://www.pulp-paperworld.com/fr/item/7683-hardwood-fiber-costs-for-the-swedish-pulp-industry-moved-up-in-late-2017-after-a-six-year-period-of-declining-pulplog-prices http://www.pulp-paperworld.com/fr/item/7683-hardwood-fiber-costs-for-the-swedish-pulp-industry-moved-up-in-late-2017-after-a-six-year-period-of-declining-pulplog-prices

                                            Wood fiber costs for hardwood pulp manufacturers in Sweden are among the lowest in Europe after having been on a downward trajectory since 2011, according to the Wood Resource Quarterly. However, in late 2017 this trend reversed because of tighter log supply resulting from unfavorable logging and transportation conditions.

                                            WoodPricesHeaderHardwood pulp manufacturers in Europe have some of the highest wood fiber costs in the world despite prices for hardwood pulplogs having trended downward in most key markets on the continent over the past five years. In the second half of 2017, that trend reversed, with fiber prices going up in both the local currencies and in US dollar terms.

                                            In the 4Q/17, prices for hardwood logs in Spain were the highest on the continent, while Swedish prices were on the lower end of the hardwood cost spectrum, according to the Wood Resource Quarterly.

                                            Hardwood fiber supply in Sweden tightened in late 2017 because of an unusually wet and mild early winter season. Tight supply in central Sweden resulted in an odd importation of Eucalyptus chips from Brazil during the 4Q/17 at a reported price that was substantially higher than the domestic hardwood prices. Prices for hardwood pulplogs trended upward during most of 2017 after they reached an 11-year low in the 4Q/16. Despite the recent price rise, birch pulplog costs were in the 4Q/17 about 15% lower than their 10-year average in US dollar terms.

                                            Prices for softwood chips and pulplogs were also up in Sweden during 2017 because of an imbalance between domestic supply and demand. The higher domestic fiber prices resulted an increase in importation of softwood chip to Sweden in 2017, reaching almost double the volume imported five years ago. The imports in the 4Q/17 were the second highest quarterly volume on record.

                                            Historically, most imported chips have been destined for the country’s pulpmills, but over the past two years there has been an increase in imported chips to be used for energy. Latvia, Norway, Estonia and Finland, in ranking order, are the major suppliers of softwood chips,

                                            accounting for 95% of the total import volume in 2017. With a higher percentage of lower- cost energy chips over the past few years (predominantly from Norway), the average value for imported chips has declined by about 40% 2013 to 2017, reports the WRQ in its latest issue. Of the four major supplying countries, Finland supplied the highest cost chips, while Norway was the lowest cost supplier in 2017.

                                            Global lumber, sawlog and pulpwood market reporting is included in the 56-page quarterly publication Wood Resource Quarterly (WRQ). The report, which was established in 1988 and has subscribers in over 30 countries, tracks sawlog, pulpwood, wood chip, lumber and pellet prices, trade and market developments in most key regions around the world. To subscribe to the WRQ, please go to www.woodprices.com

                                            • Wood Resource Quarterly
                                              ]]>
                                              no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Fri, 13 Apr 2018 09:09:52 +0200
                                              Xerium Technologies Announces Review of Strategic Alternatives to Maximize Shareholder Value http://www.pulp-paperworld.com/fr/item/7662-xerium-technologies-announces-review-of-strategic-alternatives-to-maximize-shareholder-value http://www.pulp-paperworld.com/fr/item/7662-xerium-technologies-announces-review-of-strategic-alternatives-to-maximize-shareholder-value

                                              Xerium Technologies, Inc. (NYSE: XRM), a leading manufacturer and supplier of machine clothing and roll covers for the paper and packaging industry, has just announced that its Board of Directors has initiated a review of strategic alternatives to maximize shareholder value. Alternatives could include a sale of the Company or of its divisions and selected assets in separate transactions, a strategic merger, a Reverse Morris Trust transaction, or other business combination. The Company has engaged TN Capital Advisors LLC (“True North”) as financial advisor and Latham & Watkins LLP as legal advisor to assist in the process.

                                              xerium logo largeJames Wilson, Chairman of the Board, said, “Our markets are stable and our execution is strong and getting stronger. With an expected EBITDA to capital expenditure ratio of roughly 7 times, Xerium is on a path to increase shareholder value through debt reduction. However, the Company currently carries expensive debt that could be refinanced on more attractive terms by a buyer, and suffers from poor stock trading liquidity. After careful consideration, the Board has determined that there may be opportunities to accelerate value recognition or unlock additional value through strategic actions, and this is an appropriate time to identify and evaluate options for shareholders.”

                                              Mark Staton, President and Chief Executive Officer, said, “Our people have done a great job of completing this complex asset restructuring. We are now a company with high quality assets in regions around the world poised for growth, with 75% of our product sales in markets for growing grades of paper and packaging.”

                                              There can be no assurance that the Board’s strategic review will result in any transaction, or any assurance as to its outcome or timing.

                                              The Company does not intend to disclose or comment on developments related to its review unless and until the Board has approved a specific transaction or otherwise determined that further disclosure is appropriate.

                                              About Xerium Technologies

                                              Xerium Technologies (NYSE:XRM) is a global leader in the design, engineering, manufacture and installation of machine clothing and roll covers for the world’s leading producers of paper and packaging. For more information about Xerium visit our website at www.xerium.com

                                              • Xerium Technologies
                                              • xerium
                                                ]]>
                                                no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Mon, 19 Mar 2018 14:25:19 +0100
                                                Standard & Poor’s Ratings Services upgraded Metsä Board Corporation to investment grade http://www.pulp-paperworld.com/fr/item/7650-standard-poor-s-ratings-services-upgraded-metsae-board-corporation-to-investment-grade http://www.pulp-paperworld.com/fr/item/7650-standard-poor-s-ratings-services-upgraded-metsae-board-corporation-to-investment-grade

                                                Standard & Poor’s Ratings Services has upgraded Metsä Board Corporation's issuer credit rating to investment grade, from BB+ to BBB-. The outlook of the rating is stable.

                                                2014 01 30 083551The upgrade reflects Metsä Board’s strong performance in 2017 and the expectation of strong cash flows in the coming years. The stability of Metsä Board’s business operations is supported by solid and long-lasting customer relationships as well as the strong market position.

                                                At the same time, Standard & Poor’s raises the ratings of Metsä Board’s senior unsecured bonds, maturing in 2019 and 2027, from BB+ to BBB-.

                                                The upgrade does not have an impact on Metsä Board’s current financing costs.

                                                Further information:
                                                Jussi Noponen, CFO, tel. +358 10 465 4913
                                                Katri Sundström, VP, Investor Relations, tel. +358 400 976 333

                                                Metsä Board
                                                www.metsaboard.com

                                                Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests.The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants.

                                                In 2017, the company’s sales totalled EUR 1.8 billion, and it has approximately 2,350 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

                                                • Metsä Board
                                                  ]]>
                                                  no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Wed, 28 Feb 2018 10:11:12 +0100
                                                  Solenis to Increase Prices on Wet Strength Product Lines Globally http://www.pulp-paperworld.com/fr/item/7643-solenis-to-increase-prices-on-wet-strength-product-lines-globally http://www.pulp-paperworld.com/fr/item/7643-solenis-to-increase-prices-on-wet-strength-product-lines-globally

                                                  2017 12 04 184100Solenis, a leading global producer of specialty chemicals, will increase prices by up to 15 percent on all wet strength resins globally, effective immediately.

                                                  The price increase is necessary due to the significant increase in key raw material costs combined with a tightening of available supply.

                                                  About Solenis

                                                  Solenis is a leading global producer of specialty chemicals for water intensive industries, including the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets. The company’s product portfolio includes a broad array of process, functional and water treatment chemistries as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets and minimize environmental impact. Headquartered in Wilmington, Delaware, the company has 34 manufacturing facilities strategically located around the globe and employs a team of approximately 3,700 professionals in 118 countries across five continents. For additional information about Solenis, please visit www.solenis.com

                                                  • solenis
                                                    ]]>
                                                    no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Tue, 27 Feb 2018 09:21:23 +0100
                                                    Kemira increases prices of polymer products in EMEA http://www.pulp-paperworld.com/fr/item/7640-kemira-increases-prices-of-polymer-products-in-emea http://www.pulp-paperworld.com/fr/item/7640-kemira-increases-prices-of-polymer-products-in-emea

                                                    Kemira, a global chemicals company serving customers in water intensive industries, announces price increases for all polymer products in the EMEA region.

                                                    Logo slogan belowThe price increase of +8-10% for all applications, which will become effective on 1st March 2018 or as contracts allow, is necessary due to a continuing increase in key raw materials and freight cost across Europe.

                                                    These significant cost increases need to be compensated for Kemira to be able to continue supplying our customers with quality products and investing into future growth.

                                                    Harri Eronen
                                                    Senior Vice President, Commercial, Pulp & Paper EMEA
                                                    tel. +49 17 1802 8790
                                                    harri.eronen (a) kemira.com

                                                    Kemira is a global chemicals company serving customers in water intensive industries. We provide expertise, application know-how and chemicals that improve our customers' product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas and water treatment. In 2017, Kemira had annual revenue of around EUR 2.5 billion and 4,732 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
                                                    www.kemira.com

                                                    • Kemira
                                                      ]]>
                                                      no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Wed, 14 Feb 2018 10:06:28 +0100
                                                      Amazon Papyrus to Increase Prices http://www.pulp-paperworld.com/fr/item/7623-amazon-papyrus-to-increase-prices http://www.pulp-paperworld.com/fr/item/7623-amazon-papyrus-to-increase-prices

                                                      2018 02 02 072639“Amazon Papyrus Chemicals (APC), Hong Kong, announces a price increase of 5 - 15% depending on the products, with immediate effect or wherever contracts allow. This price increase is necessary due to a significant increase in raw material, manufacturing, packaging, transportation and regulatory costs. The APC team will continue to work proactively with our customers to further optimize applications related to process and functional chemicals, ensuring a favorable return on investments.”

                                                      About Amazon Papyrus

                                                      “Founded in 2000 and headquartered in Hong Kong, Amazon Papyrus is a specialty chemical company, which has established presence in 11 countries with more than 450 employees, serving over 350 pulp and paper, viscose and fiber cement manufacturers in Asia and Middle East. Learn more at Amazon Papyrus’ website “www.amazon-papyrus.com”.

                                                      • Amazon Papyrus Chemicals
                                                      • amazon papyrus chemicals group
                                                        ]]>
                                                        no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Fri, 02 Feb 2018 07:27:19 +0100
                                                        Production disruptions impact profit negatively http://www.pulp-paperworld.com/fr/item/7598-production-disruptions-impact-profit-negatively http://www.pulp-paperworld.com/fr/item/7598-production-disruptions-impact-profit-negatively

                                                        The difficulties with production availability continued in the fourth quarter 2017 which impacted sales volumes negatively despite a very strong market. Operating profit (EBIT) for full year 2017 is calculated to be approximately MSEK 2 240 which is lower than expected but gives a margin of 10 percent.

                                                        billkorlogoIt is mainly the production facilities in Gruvön and Gävle that are affected, which impact sales negatively within business areas Consumer Board and Corrugated Solutions.

                                                        “Despite historically record high production volumes we are of course not satisfied with the recurring production disruptions in our facilities. Therefore, we now intensify our action plan to increase the stability and availability in our production. To ensure the operational stability will be my main focus going forward. We have strengthen the organisation that work proactively with both availability and quality at our facilities which will generate result going forward, says Petra Einarsson, President and CEO BillerudKorsnäs”.

                                                        The results are still preliminary and have not been reviewed by the auditors

                                                        For further information, please contact:

                                                        Susanne Lithander, CFO, +46 8 553 335 00

                                                        Christopher Casselblad, Investor Relations, +46 8 553 335 08

                                                        This information constituted inside information before publication. This is information that BillerudKorsnäs AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:30 CET on January
                                                        16th 2018

                                                        BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

                                                        • BillerudKorsnäs
                                                          ]]>
                                                          no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Mon, 22 Jan 2018 07:08:26 +0100
                                                          Metsä Board raises its result guidance for October–December 2017 http://www.pulp-paperworld.com/fr/item/7563-metsae-board-raises-its-result-guidance-for-october-december-2017 http://www.pulp-paperworld.com/fr/item/7563-metsae-board-raises-its-result-guidance-for-october-december-2017

                                                          Metsä Board is raising its result guidance for the fourth quarter of 2017, which was announced in Metsä Board’s interim report for January–September 2017.

                                                          2014 01 30 083551The previous guidance was: Mainly due to the maintenance shutdown at the Husum integrated mill, Metsä Board’s comparable operating result in the fourth quarter of 2017 is expected to weaken slightly from the third quarter of 2017.

                                                          The new guidance is: Metsä Board’s comparable operating result in the fourth quarter of 2017 is expected to remain roughly at the same level as in the third quarter of 2017.

                                                          Metsä Board’s comparable operating result in the third quarter of 2017 was EUR 50.4 million.

                                                          The pulp market in the fourth quarter of 2017 has been stronger than expected, and the market price of long-fibre pulp, which impacts on Metsä Board’s result, has risen more strongly than expected. Metsä Board’s paperboard business has developed according to expectations.

                                                          Metsä Board
                                                          www.metsaboard.com

                                                          Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests.The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2016, the company’s sales totalled EUR 1.7 billion, and it has approximately 2,500 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

                                                          • Metsä Board
                                                            ]]>
                                                            no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Fri, 15 Dec 2017 06:59:35 +0100
                                                            The Board of Directors of Valmet Oyj decided on a new share-based incentive plan for key employees http://www.pulp-paperworld.com/fr/item/7558-the-board-of-directors-of-valmet-oyj-decided-on-a-new-share-based-incentive-plan-for-key-employees http://www.pulp-paperworld.com/fr/item/7558-the-board-of-directors-of-valmet-oyj-decided-on-a-new-share-based-incentive-plan-for-key-employees

                                                            The Board of Directors of Valmet Oyj has decided on a new long-term share-based incentive plan for Valmet's key employees. The aim of the plan is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company in the long run, to commit the key employees to the Company, and to offer them a competitive reward plan based on holding the Company's shares.

                                                            valmet logoThe plan includes three discretionary periods, which are the calendar years 2018, 2019 and 2020. Valmet's Board of Directors shall decide on the performance criteria and targets in the beginning of each discretionary period. The potential reward from the discretionary period 2018 is based on Valmet's Comparable EBITA margin and orders received growth (%) of the stable business, that is, the Services and Automation business lines. The potential reward from the discretionary period 2018 will be paid partly in Company shares and partly in cash in 2019. The proportion to be paid in cash is intended to cover taxes and tax-related costs arising from the reward to the key employee.

                                                            Furthermore, the members of Valmet's Executive Team are recommended to own and hold an amount of Company shares equaling to their gross annual base salary (100 percent ownership recommendation).

                                                            The rewarded shares may not be transferred during the restriction period, which will end two years from the end of the discretionary period. As a rule, no reward is paid if the key employee's employment or service at Valmet ends before the reward payment. Should a key employee's employment or service end during the restriction period, he or she must, as a rule, gratuitously return the shares given as reward to the Company.

                                                            The plan is directed to a total of approximately 120 participants, of which 80 are key employees in management positions (including Executive Team members), and 40 are management talents, which is a new target group in Valmet's share based incentive plan. The total combined reward to be paid based on the plan is capped to an approximate maximum of 586,000 shares in Valmet Oyj, representing the gross reward before the deduction of taxes and tax-related costs arising from the reward.

                                                            Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

                                                            Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

                                                            Valmet's net sales in 2016 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

                                                            • valmet
                                                            • valmet corporation
                                                              ]]>
                                                              no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Tue, 12 Dec 2017 06:36:08 +0100
                                                              Kemira increases prices of key sizing chemicals for paper and board industry globally http://www.pulp-paperworld.com/fr/item/7553-kemira-increases-prices-of-key-sizing-chemicals-for-paper-and-board-industry-globally http://www.pulp-paperworld.com/fr/item/7553-kemira-increases-prices-of-key-sizing-chemicals-for-paper-and-board-industry-globally

                                                              Kemira, a global chemicals company serving customers in pulp & paper and other water intensive industries, announces price increases of 10-25% across its main sizing product lines and FennoSize-products.

                                                              Logo slogan belowThe price adjustments of the AKD-wax and -emulsions result from a challenging raw material situation and increased costs within the AKD-wax supply chain. The price increases of the ASA-sizes are driven mainly by increased raw material costs and tight olefin supply globally. Olefins are the main raw material of the ASA-products.

                                                              The price increases of the sizing agents will become effective on January 1st, 2018 or as contracts and other conditions allow and will be implemented globally.

                                                              For more information:

                                                              Antti Matula
                                                              Vice President, Global Product Lines & Business Development
                                                              Tel. +358 50 570 3576

                                                              Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2016, Kemira had annual revenue of around EUR 2.4 billion and 4,800 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. www.kemira.com

                                                              • Kemira
                                                                ]]>
                                                                no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Fri, 08 Dec 2017 08:41:03 +0100
                                                                Solenis to Increase Prices on all Alkaline Sizing Product Lines Globally http://www.pulp-paperworld.com/fr/item/7538-solenis-to-increase-prices-on-all-alkaline-sizing-product-lines-globally http://www.pulp-paperworld.com/fr/item/7538-solenis-to-increase-prices-on-all-alkaline-sizing-product-lines-globally

                                                                2017 12 04 184100Solenis, a leading global producer of specialty chemicals, will increase prices by up to 20 percent on all alkaline sizing products globally, effective immediately or as customer contracts allow.  The price increase is necessary due to the increase in certain raw material costs combined with a tightening overall global supply chain.

                                                                About Solenis
                                                                Solenis is a leading global producer of specialty chemicals for water intensive industries, including the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets. The company’s product portfolio includes a broad array of process, functional and water treatment chemistries as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets and minimize environmental impact. Headquartered in Wilmington, Delaware, the company has 37 manufacturing facilities strategically located around the globe and employs a team of approximately 3,700 professionals in 118 countries across five continents. For additional information about Solenis, please visit www.solenis.com

                                                                • solenis
                                                                  ]]>
                                                                  no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Mon, 04 Dec 2017 18:41:40 +0100
                                                                  Kemira increases prices of coagulant and polymer products in EMEA http://www.pulp-paperworld.com/fr/item/7506-kemira-increases-prices-of-coagulant-and-polymer-products-in-emea http://www.pulp-paperworld.com/fr/item/7506-kemira-increases-prices-of-coagulant-and-polymer-products-in-emea

                                                                  Logo slogan belowKemira, a global chemicals company serving customers in water intensive industries, announces price increases across its coagulant and polymer product lines in the EMEA region.

                                                                  The price increases, which become effective on January 1st, 2018 or as contracts allow, are necessary due to overall significant and continued increases in costs of both freight and many key raw materials, where the supply-demand situation is challenging.

                                                                  Coagulants:

                                                                  Polymers:

                                                                  11-13% for aluminum based coagulants

                                                                  11-13% for iron sulphate based coagulants

                                                                  5-7% for iron chloride based coagulants

                                                                  8% for dry products

                                                                  9% for emulsions and other liquid polymers

                                                                  Increases can be higher for specific product types in locations that are most acutely impacted by increased costs.

                                                                  For more information:

                                                                  Wido Waelput

                                                                  Senior Vice President, Commercial, Industry & Water EMEA

                                                                  tel. +49 17 2884 3496

                                                                  wido.waelput (a) kemira.com

                                                                  Harri Eronen

                                                                  Senior Vice President, Commercial, Pulp & Paper EMEA

                                                                  tel. +49 17 1802 8790

                                                                  harri.eronen (a) kemira.com

                                                                  Kemira is a global chemicals company serving customers in water intensive industries. We provide expertise, application know-how and chemicals that improve our customers' product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas and water treatment. In 2016, Kemira had annual revenue of around EUR 2.4 billion and 4,800 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
                                                                  www.kemira.com

                                                                  • Kemira
                                                                    ]]>
                                                                    no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Wed, 15 Nov 2017 09:17:16 +0100
                                                                    Commercial Property Insurer FM Global Elects International Paper CFO Glenn R. Landau to Board of Directors http://www.pulp-paperworld.com/fr/item/7489-commercial-property-insurer-fm-global-elects-international-paper-cfo-glenn-r-landau-to-board-of-directors http://www.pulp-paperworld.com/fr/item/7489-commercial-property-insurer-fm-global-elects-international-paper-cfo-glenn-r-landau-to-board-of-directors

                                                                    Glenn R. Landau, senior vice president and chief financial officer of International Paper, one of the world’s leadingproducers of fiber-based packaging, pulp and paper products, has been elected to the board of directors of FM Global, one of the world’s largest commercial and industrial property insurers.

                                                                    2017 11 07 071612Established nearly 200 years ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its client-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every three Fortune 1000 companies and similar-sized organizations worldwide.

                                                                    “Glenn brings valuable experience and expertise in international strategic planning, operations and finance to FM Global’s board,” said Chairman Shivan S. Subramaniam. “As a mutual company owned and directed by our clients, we are pleased to have senior officers from our longtime policyholders helping with our governance and providing global perspectives that direct our strategy.”

                                                                    Landau joined International Paper (IP) in 1991 and has since served in a variety of leadership positions, including vice president of containerboard and recycling, vice president of investor relations and president, International Paper Latin America, where he was responsible for the company’s paper and packaging businesses in Brazil, as well as IP’s strategic direction for the Latin America region. Landau was elected senior vice president in 2014 and was named CFO in February 2017.

                                                                    Other members of FM Global’s board of directors include:

                                                                    • Shivan S. Subramaniam, chairman, FM Global
                                                                    • Frank T. Connor, executive vice president and chief financial officer, Textron Inc.
                                                                    • Colin Day, retired chief executive, Essentra plc
                                                                    • Michel Giannuzzi, chairman and chief executive officer, Verallia Packaging S.A.S.
                                                                    • Daniel L. Knotts, president and chief executive officer, RR Donnelley
                                                                    • Thomas A. Lawson, president and chief executive officer, FM Global
                                                                    • John A. Luke Jr., chairman, WestRock Company
                                                                    • Gracia C. Martore, retired president and chief executive officer, TEGNA Inc.
                                                                    • Christine M. McCarthy, senior executive vice president and chief financial officer, The Walt Disney Company
                                                                    • Stuart B. Parker, chief executive officer, USAA
                                                                    • Edward J. Rapp, retired group president, Caterpillar, Inc.
                                                                    • Israel Ruiz, executive vice president and treasurer, Massachusetts Institute of Technology
                                                                    • FM Global
                                                                      ]]>
                                                                      no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Tue, 07 Nov 2017 07:15:28 +0100
                                                                      Södra strengthens offer for softwood pulpwood and small-diameter timber http://www.pulp-paperworld.com/fr/item/7472-soedra-strengthens-offer-for-softwood-pulpwood-and-small-diameter-timber http://www.pulp-paperworld.com/fr/item/7472-soedra-strengthens-offer-for-softwood-pulpwood-and-small-diameter-timber

                                                                      Demand for softwood pulpwood is high. The strategic investments in Södra’s mills have now led to higher fibre consumption. Södra is therefore raising the price of softwood pulpwood to SEK 320/msub. The price of the small-diameter and softwood block range will also be raised by SEK 25/msub.

                                                                      2017 10 24 064912

                                                                      “The high demand for both sawlogs and softwood/hardwood pulpwood is gratifying for forest owners. The price increases will create excellent conditions for increasing the level of thinning in members’ forests,” said Olof Hansson, Acting President of the Södra Skog business area.

                                                                      Markets for sawn timber remain favourable, and therefore demand for pine and spruce logs. Södra has therefore decided to incorporate the existing contracting premium of SEK 25/mᶾ sub into the basic price.

                                                                      The new prices will apply for contracts signed as of 23 October.

                                                                      For questions, please contact:
                                                                      Olof Hansson, Acting President of the Södra Skog business area,
                                                                      Tel: +46 (0)73 - 071 18 33
                                                                       E-mail: olof.hansson@sodra.com

                                                                      Södra was founded in 1938 and is the largest forest-owner association in Sweden, with a membership of more than 50,000 forest owners. We engage in modern and responsible forestry, and operate state-of-the-art mills in which we process our raw material. Through value-generating relationships and a long-term approach, Södra is leading the way for the next generation of forestry. 

                                                                      • södra
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                                                                        no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Tue, 24 Oct 2017 06:48:26 +0200
                                                                        Good demand and stable results http://www.pulp-paperworld.com/fr/item/7459-good-demand-and-stable-results http://www.pulp-paperworld.com/fr/item/7459-good-demand-and-stable-results

                                                                        CEO Per Lindberg comments on the development during Q3 2017:

                                                                        “We experienced a very strong market in the quarter, resulting in positive sales performance. Net sales were up 3% and volumes were up 1% on last year. Overall, we have had some difficulties with production availability in recent quarters, so we have established a new organisation to work proactively on both availability and quality at our facilities. I am confident that this will generate results over the coming years.

                                                                        billkorlogoLooking ahead, market conditions appear encouraging, and we see good opportunities for continued growth. In the longer term, we will have additional support from increasing demand for sustainable packaging solutions. In this respect, our major investments, which will start to deliver in 2018 and 2019, will make a significant positive contribution to our growth on this market.”    

                                                                        THE RESULT

                                                                        EBITDA in the quarter was SEK 1 051 million and we experienced positive sales performance on the back of a strong market in Europe and increased demand in China and the rest of Asia. The slightly higher volumes, combined with higher prices, offset negative currency movements. During the quarter, our Karlsborg production unit was affected by a production shutdown due to a fire, which had an approximately SEK 35 million impact on earnings. The fire was put out quickly and there were no injuries to personnel, but it caused extensive damage to cabling in an adjacent area. The damage has been repaired and Karlsborg’s production is running according to plan once again.

                                                                        The business areas delivered stable earnings. Consumer Board recorded its highest cartonboard sales volumes since Billerud and Korsnäs merged. Within Corrugated Solutions, Managed Packaging posted sales growth of almost 50 percent compared to last year.

                                                                        MARKET OUTLOOK

                                                                        The market for all business areas is expected to remain strong over the next quarter. We are seeing favourable order levels and opportunities for further price increases. It is uncertain, however, how large the price increases may be.

                                                                        In the longer term, this positive picture is being further strengthened by growing demand for sustainable packaging solutions, particularly regarding alternatives to plastic. Plastic waste is one of the greatest environmental challenges of our time and we are therefore seeing a greater focus on regulation to counter unnecessary use of plastic. This is strengthening our competitiveness as opportunities to replace less sustainable solutions are growing.

                                                                        STRATEGY

                                                                        Efficiency is a cornerstone of our strategy. Our approach to efficiency is about doing things right, and having efficient processes and practices. It is our customers who principally determine what are the right things to do. That’s why we are increasingly focusing on developing and harmonising our working practices by strengthening group-wide functions within our production organisation. This relates in particular to minimising production disruptions and ensuring our products maintain consistently high quality.

                                                                        Another aspect of this is structural. Our two major investment projects, a new board machine at Gruvön and a world-leading MG centre at Skärblacka, not only demonstrate our ambition of meeting the market’s growing needs with efficient board and paper machines. We have also demonstrated our ability to create a production system that is efficient both in terms of its overall structure and its constituent parts. This is in order to supply our current and future customers with the highest-quality sustainable packaging materials and solutions. These projects are proceeding to schedule and we are looking forward to the start-ups; spring 2018 for Skärblacka and spring 2019 for Gruvön.

                                                                        BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

                                                                        • BillerudKorsnäs
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                                                                          no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Tue, 17 Oct 2017 08:32:16 +0200
                                                                          Price increase for thermal papers and carbonless papers http://www.pulp-paperworld.com/fr/item/7438-price-increase-for-thermal-papers-and-carbonless-papers http://www.pulp-paperworld.com/fr/item/7438-price-increase-for-thermal-papers-and-carbonless-papers

                                                                          Mitsubishi HiTec Paper will be increasing prices for the whole THERMOSCRIPT thermal paper range as well as the GIROFORM carbonless paper range on January 1, 2018. The level of increase will vary depending on region and application. This is due to the further increased raw material and logistics costs.

                                                                          2016 04 08 083453Customers will be contacted directly by the Mitsubishi sales team.

                                                                          Mitsubishi HiTec Paper Europe GmbH is a German subsidiary of Mitsubishi Paper Mills Ltd., Japan, one of the world's leading manufacturers of specialty paper. The roughly 700 employees at Mitsubishi HiTec Paper produce high-quality direct thermal, inkjet, carbonless, label and barrier papers at two tradition-rich locations in Bielefeld and Flensburg.

                                                                          Each factory stands out for own base paper production, state-of-the-art production machinery, 6 different coating technologies and innovative coating recipes. Through its dense global sales network, Mitsubishi HiTec Paper supplies a full range of specialty papers featuring a modular system for every application and printing technology – and is a highly capable partner whenever customized coated paper solutions are required.

                                                                          • Mitsubishi Paper Mills Ltd
                                                                          • mitsubishi hitec paper
                                                                          • Mitsubishi Paper Mills Ltd
                                                                          • mitsubishi
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                                                                            no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Mon, 16 Oct 2017 07:20:22 +0200
                                                                            Smithers Pira forecasts nonwovens as fastest growth area for fluff pulp over the next ten years http://www.pulp-paperworld.com/fr/item/7422-smithers-pira-forecasts-nonwovens-as-fastest-growth-area-for-fluff-pulp-over-the-next-ten-years http://www.pulp-paperworld.com/fr/item/7422-smithers-pira-forecasts-nonwovens-as-fastest-growth-area-for-fluff-pulp-over-the-next-ten-years

                                                                            Global fluff pulp consumption in 2017 is 5.8 million air-dried and has value of $4.6 billion according to the latest exclusive research from Smithers Pira.

                                                                            Smithers’ in-depth market analysis shows how this demand will increase by 3.7% per year to reach 7.0 million air-dried tonnes in 2022. Value growth will be slower, and yield a market value of $5.3 billion by the end of the study period, with a series of emergent opportunities for fluff pulp suppliers and users fueling worldwide expansion.

                                                                            smithers pira logoHistorically, the hygiene segment - diapers/nappies, feminine hygiene pads, and adult incontinence products – has consumed the majority of the fluff pulp globally, and driven overall growth 2012, hygiene end uses accounted for 90.3% of world fluff consumption By 2022, though, these end uses will consume only 89.5% of the world fluff pulp; a small drop in market share, but an indicator of longer-term trends that have been place for Several years.

                                                                            Volume growth in hygiene will follow the market average, but the fastest expanding end-use application will be nonwovens, where consumption for the next 5 years is forecast to increase at 5.5% per year.

                                                                            ‘These new markets will evolve alongside developments in the supply of fluff pulp’. Phil Mango, author of the Smithers report, says: ‘The trend in fluff pulp production is expansion in South America and North America, while Europe has concentrated on modifying pure fluff-producing mills to biorefineries. A biorefinery uses biomass as the input, and produces a wide variety of products and energy. In the fluff pulp biorefinery, wood is input and chemicals, pulp, and even energy are produced. This is not only more sustainable as a process, but improves the profitability of the mill, especially one with marginal profitability.’

                                                                            Geographically, the fluff pulp is relatively mature in North America and Western Europe, meaning these regions will have the lowest growth rates for fluff pulp. While Asia, South America, and Eastern Europe will increase relative market share.

                                                                            The competitive landscape for fluff pulp is dominated by large pulp and paper companies headquartered in North America. This is due mainly to the presence of the most optimal wood species for fluff pulp in North America. The three largest fluff pulp producers are International Paper, Georgia-Pacific, and Domtar. These three producers account for about 4.9 million air dried tonnes, or 80% of all fluff pulp production in 2017.

                                                                            The short growing seasons in northern Europe and Asia, and sub-optimal soil and climate conditions in most of southern Asia, have reduced the potential of these regions. Infrastructure issues in South America and Russia continue to retard progress in these regions.

                                                                            • Smithers Pira
                                                                              ]]>
                                                                              no-spam@pulp-paperworld.com (Ian Melin-Jones) financial News Tue, 03 Oct 2017 09:58:47 +0200
                                                                              'Canfor Corporation and Canfor Pulp Products Inc. Announce Third Quarter Results Conference Call' http://www.pulp-paperworld.com/fr/item/7394-canfor-corporation-and-canfor-pulp-products-inc-announce-third-quarter-results-conference-call http://www.pulp-paperworld.com/fr/item/7394-canfor-corporation-and-canfor-pulp-products-inc-announce-third-quarter-results-conference-call

                                                                              Canfor Corporation (TSX:CFP) and Canfor Pulp Products Inc. (TSX:CFX) will hold a joint conference call on Monday, October 23, 2017 at 8:00 AM PDT to discuss their respective third quarter 2017 financial and operating results. To participate in the call, please dial one of the following numbers:

                                                                              Toll-Free Access:  888-390-0546
                                                                              Access: 416-764-8688

                                                                              2017 09 18 233123Let the operator know you wish to participate in the Canfor conference call.

                                                                              Following management’s discussion of the quarterly results, the analyst and investment community will be invited to ask questions.

                                                                              For Instant Replay Access, please dial one of the following numbers and enter

                                                                              Toll-Free Access: 888-390-0541
                                                                              Access: 416-764-8677
                                                                              Participant Pass Code: 919920#
                                                                              Recording available until: November 6, 2017

                                                                              The conference call will be available live at www.canfor.com.

                                                                              • Canfor Corporation
                                                                              • canfor pulp products inc
                                                                                ]]>
                                                                                no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 18 Sep 2017 23:29:29 +0200
                                                                                Brazil: Exports from the forest sector surpass US$4 billion in the first half of 2017 (+7.3%) http://www.pulp-paperworld.com/fr/item/7347-brazil-exports-from-the-forest-sector-surpass-us-4-billion-in-the-first-half-of-2017-7-3 http://www.pulp-paperworld.com/fr/item/7347-brazil-exports-from-the-forest-sector-surpass-us-4-billion-in-the-first-half-of-2017-7-3

                                                                                2017 06 06 090206From January to June of 2017, pulp exports rose 6.8% in comparison with the same period of the previous year, reaching 6.8 million tons; exports of wood panels increased by 34.8%, with 597,000 cubic meters directed to foreign markets, and paper exports grew 1% with almost 1.1 million tons traded. This positive performance propelled export revenues past the US$ 4 billion mark in the first half of this year, a growth of 7.3% compared to the first six months of 2016; it also created a US$ 3.6 billion surplus in the trade balance for the sector, an increase of 9.1%.

                                                                                Check out the other indicators for the planted tree sector in the 38th edition of Cenários Ibá, the monthly bulletin of the Brazilian Tree Industry.

                                                                                Export revenues – From January to June of 2017, pulp exports reached US$ 3.0 billion (+9.8%), while paper exports were US$ 925 million (-2.0%) and wood panel exports reached US$ 137 million (+25.7%).

                                                                                Export destinations – More than 42% of the pulp Brazil exported went to China in the first half of 2017, representing revenues of US$ 1.3 billion; this is an increase of 25.5% over the same period in 2016. Latin American countries continued to be the main markets for paper and wood panels during this period, with export revenues of US$ 593 million (+10.0%) and US$ 75 million (+27.1%), respectively.

                                                                                Production – Brazilian pulp production surpassed 9.5 million tons, growing 5.0% between January and April of 2017 in comparison with 2016, and paper registered 5.1 million tons (-0.7%).

                                                                                Domestic sales – During the first semester of 2017, paper sales on the domestic market reached 2.6 million tons, a drop of 1.6% compared with the same period last year. At the same time, the wooden panel sector registered sales of 3.1 million m³ in Brazil (-1.6%).

                                                                                ABOUT IBÁ

                                                                                The Brazilian Tree Industry (Ibá) is the association responsible for institutionally representing the planted tree production chain, from the fields to the factory, with its main stakeholders. Launched in April 2014, it represents 60 companies and nine state entities for products originating from planted trees (wood panels, laminate floors, pulp, paper, energy forests and biomass) in addition to independent producers of planted trees and institutional investors. Learn more at www.iba.org

                                                                                • iba
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                                                                                  no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 07 Aug 2017 11:08:58 +0200
                                                                                  Wood raw-material costs for European pulpmills continued to slide in early 2017 http://www.pulp-paperworld.com/fr/item/7346-wood-raw-material-costs-for-european-pulpmills-continued-to-slide-in-early-2017 http://www.pulp-paperworld.com/fr/item/7346-wood-raw-material-costs-for-european-pulpmills-continued-to-slide-in-early-2017

                                                                                  Wood raw-material costs for European pulpmills continued to slide in early 2017 to reach their lowest levels in over five years, reports the Wood Resource Quarterly

                                                                                  pulpwoodThe European pulp industry has become much more competitive in the international pulp and paper market the past five years with wood fiber costs, which account for 55-65% of the production costs, having fallen more than in most other regions of the world, reports the Wood Resource Quarterly. Some of the  biggest price declines have been for hardwood pulplogs in the Nordic countries.

                                                                                  Wood costs for the pulp industry in Europe were generally lower in the 1Q/17 than in the previous quarter, continuing a downward trend that, depending on the country, has lasted for 4-6 years. The biggest price declines for pulplogs and sawmill residues in early 2017 occurred in Germany and France, according to the Wood Resource Quarterly (WRQ). The price reductions occurred mainly because of an oversupply of pulplogs, unchanged demand for wood fiber from the pulp industry, and reduced usage of raw-material by the competing wood pellet sector.

                                                                                  In neighboring Austria, conifer pulplog prices have been very stable during most of 2015 and 2016 (in Euro terms) and prices did not change much in the 1Q/17. However, the weakening of the Euro against the US dollar has resulted in Austrian pulplog prices falling seven percent in two years.

                                                                                  In the Nordic countries, wood fiber costs in the 1Q/17 were at their lowest levels since 2006 (in US dollars). This was mostly thanks to the weakening of the local currencies in both Sweden and Finland. The wood fiber costs currently account for about 60% of the manufacturing cost when manufacturing pulp in the region, according to Fisher International, so a reduction in prices for pulplogs and wood chips has a major impact in improving the competitiveness of the pulp and paper industry when competing in the global market place.

                                                                                  The pulp sectors in Portugal and Spain, which are the third and fourth largest consumers of hardwood logs in Europe, have also enjoyed a period of declining wood costs with the price levels in early 2017 being 20-25% below the fiber costs five years ago.

                                                                                  Hardwood fiber costs for pulpmill in Europe have fallen more rapidly than in other parts of the world from 2012 to 2017, and the industry has become much more competitive with competitors in North America, Latin America and Asia, according to the WRQ. For example, the price discrepancy for hardwood pulplogs between Sweden and the US South has fallen from US$62/odmt in the 1Q/12 to only US$9/odmt in the 1Q/17.

                                                                                  • Wood Resources International LLC
                                                                                  • Wood Resource Quarterly
                                                                                    ]]>
                                                                                    no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 07 Aug 2017 09:21:25 +0200
                                                                                    Clearwater Paper Reports Second Quarter 2017 Results http://www.pulp-paperworld.com/fr/item/7345-clearwater-paper-reports-second-quarter-2017-results http://www.pulp-paperworld.com/fr/item/7345-clearwater-paper-reports-second-quarter-2017-results

                                                                                    The company reported net sales of $429.7 million for the second quarter of 2017, down 1.6% compared to net sales of $436.7 million for the second quarter of 2016. Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the second quarter of 2017 were $8.0 million, or $0.48 per diluted share, compared to net earnings of $20.9 million, or $1.21 per diluted share, for the second quarter of 2016. The decrease in net earnings was due primarily to a planned bi-annual major maintenance outage at the Company's Arkansas mill in the second quarter of 2017 and higher input costs for energy, pulp, chemicals, and packaging supplies. Excluding certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, second quarter 2017 adjusted net earnings were $7.9 million, or $0.48 per diluted share, compared to second quarter 2016 adjusted net earnings of $23.5 million, or $1.37 per diluted share.

                                                                                    ClearwaterPaper logo01Earnings before interest, taxes, depreciation and amortization, or EBITDA, was $45.7 million for the second quarter of 2017 compared to $62.2 million for the second quarter of 2016. Adjusted EBITDA for the quarter was $45.0 million, down 32.1% compared to second quarter 2016 Adjusted EBITDA of $66.3 million. The $21.3 million decrease in adjusted EBITDA was primarily a result of the same major maintenance and higher input costs affecting GAAP net earnings in the second quarter of 2017.

                                                                                    "We achieved solid second quarter results that were in line with our quarterly outlook," said Linda K. Massman, president and chief executive officer. "The positive impacts to the quarter included higher prices and a stronger sales mix for paperboard, which were offset by higher external pulp pricing and lower consumer product shipment volumes, as parent rolls were used to build needed inventory.

                                                                                    I am also pleased to share that our previously disclosed strategic projects remain on time and within budget, and we continue to believe this will position us to more efficiently partner with and meet the needs of our customers in the future," said Massman.

                                                                                    SECOND QUARTER 2017 SEGMENT PERFORMANCE

                                                                                    Consumer Products

                                                                                    Net sales in the Consumer Products segment were $231.9 million for the second quarter of 2017, down 6.5% compared to second quarter 2016 net sales of $247.9 million. This decrease was due to lower parent roll sales resulting from the shutdown of two higher cost paper machines at the Neenah, Wisconsin mill at the end of 2016 and a 1.7% decrease in retail tons sold.

                                                                                    Consumer Products had operating income of $10.5 million in the second quarter of 2017, compared to operating income of $18.5 million in the second quarter of 2016. After adjusting for certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, adjusted operating income of $11.8 million for the second quarter of 2017 was down from $19.1 million in the same period in 2016. Consumer Products operating margin decreased to 4.5% in the second quarter of 2017 from 7.5% in the second quarter of 2016. The adjusted operating margin decreased from 7.7% in the second quarter of 2016 to 5.1% in the second quarter of 2017 due to higher input costs for transportation, pulp, natural gas, and packaging supplies, partially offset by lower wage and benefit costs resulting from the implementation of warehouse automation, and the previously mentioned shutdown at the Neenah mill.

                                                                                    • Total tissue sales volumes of 91,450 tons in the second quarter of 2017 decreased by 7.7% and converted product cases shipped were 12.7 million, down 3.9%, each compared to the second quarter of 2016.
                                                                                    • Average tissue net selling prices increased 1.6% to $2,533 per ton in the second quarter of 2017, compared to the second quarter of 2016.

                                                                                    Pulp and Paperboard

                                                                                    Net sales in the Pulp and Paperboard segment were $197.8 million for the second quarter of 2017, up 4.8% compared to second quarter 2016 net sales of $188.8 million. The increase was primarily due to higher paperboard shipment volume, which includes sales from the operations of the former Manchester Industries acquired in December 2016. Operating income for the quarter decreased $18.4 million to $21.6 million, compared to operating income of $40.0 million for the second quarter of 2016, primarily due to approximately $9 million in major maintenance at the Arkansas mill and higher input costs for natural gas, electricity, chemicals and pulp and higher wages and benefits due to annual increases. In addition, second quarter 2016 operating income included the receipt of a net $2.8 million in partial reimbursement of previously incurred costs related to performance issues with the recovery boiler at the Arkansas mill.

                                                                                    • Paperboard sales volumes increased 4.0% to 207,152 tons in the second quarter of 2017, compared to 199,132 tons in the second quarter of 2016.
                                                                                    • Paperboard net selling prices increased 0.7% to $955 per ton compared to the second quarter of 2016.

                                                                                    Taxes

                                                                                    The company's consolidated GAAP tax rate and adjusted tax rate for the second quarter of 2017 was a provision of 33.0%, compared to 36.3% and 36.2%, respectively, in the second quarter of 2016. The company expects its GAAP and adjusted tax rate for 2017 to be approximately 34% plus or minus two percentage points.

                                                                                    Note Regarding Use of Non-GAAP Financial Measures

                                                                                    In this press release, the company presents certain non-GAAP financial information for the second quarters of 2017 and 2016, including adjusted net earnings, adjusted net earnings per diluted share, EBITDA, adjusted EBITDA, adjusted operating income, adjusted operating margin, adjusted income tax provision and adjusted tax rate. Because these amounts are not in accordance with GAAP, reconciliations to net earnings, net earnings per diluted share, operating income, income tax provision and tax rate as determined in accordance with GAAP are included in the tables at the end of this press release. The company presents these non-GAAP amounts because management believes they assist investors and analysts in comparing the company's performance across reporting periods on a consistent basis by excluding items that the company does not believe are indicative of its core operating performance.

                                                                                    ABOUT CLEARWATER PAPER

                                                                                    Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The company is a premier supplier of private label tissue to major retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters, and offers services that include custom sheeting, slitting and cutting. Clearwater Paper's employees build shareholder value by developing strong customer partnerships through quality and service.

                                                                                    • Clearwater Paper
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                                                                                      no-spam@pulp-paperworld.com (Ianadmin) financial News Thu, 03 Aug 2017 10:02:22 +0200
                                                                                      Billerudkorsnäs reporting Good prospects http://www.pulp-paperworld.com/fr/item/7328-billerudkorsnaes-reporting-good-prospects http://www.pulp-paperworld.com/fr/item/7328-billerudkorsnaes-reporting-good-prospects

                                                                                      CEO Per Lindberg comments on the development during Q2 2017:

                                                                                      “The market for sustainable packaging materials and solutions remains very encouraging. We delivered a stable result in the second quarter, despite the pressure from costs of external factors and the major disruption at Gruvön, which was communicated in May.

                                                                                      billkorlogoLooking ahead, we see that the path we have chosen is the right one. Markets are performing strongly over the short term, and in the long term the trend points to companies being ambitious in their sustainability efforts both in their business operations and their products. The prospects for growth are good.”    

                                                                                      THE RESULT

                                                                                      We delivered solid operating profit of SEK 489 million. Production was relatively stable and we had planned maintenance shutdowns at three of our production units over the quarter, which cost SEK 25 million more than we had estimated. In addition, we had SEK 25 million in costs for the shutdown of the pulp line for the fluting machine at Gruvön, which we communicated separately, as well as additional costs related to Rockhammar of approximately SEK 30 million. Our results were also negatively affected by increased costs of deliveries due to the strike at the Port of Gothenburg.

                                                                                      The business areas showed stable performance over the quarter on a strong market and we see some positive development in local prices. Consumer Board is showing volume growth of around 6% compared with the first half of last year.

                                                                                      MARKET OUTLOOK

                                                                                      The strong performance in the market by all business areas is expected to continue over the next quarter. The outlook is good and there are opportunities for further price increases, particularly in the Packaging Paper and Corrugated Solutions business areas.

                                                                                      Primary fibre-based material with high sustainability performance is our core business, but alongside this, our solutions-based offerings are growing rapidly. This is being driven by both demand for a comprehensive offering in which the material is a key component, and by other types of solutions and packaging services. We are seeing a trend of packaging gaining an increasingly important role in many brand owners’ efforts to make their products more competitive. The sustainability performance of packaging is particularly important. This continues to give us great confidence in our products and our development.

                                                                                      STRATEGY

                                                                                      We are continually reviewing and updating our growth strategy, but our chosen approach remains in place and we are firm in our belief in our clear focus on the effectiveness, sustainability and innovation of both new materials and new solutions and offerings. Achieving long-term growth requires resources and investments, along with a balance between a strong proactive approach and a focus on the right initiatives.

                                                                                      Packaging generates significant value for virtually all product value chains, and BillerudKorsnäs aims to shift its position forward in these chains. These efforts have created opportunities to develop new end-to-end solutions together with other companies such as our cooperation with Bosch on Axello Zap. This solution, which has only been in place for a year, is an example of where we see growing interest in end-to-end solutions with the potential to replace conventional packaging with more sustainable options. Also, it recently won a prize at Packaging Europe’s Sustainability Awards in the Bio-based Packaging category.

                                                                                      BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

                                                                                      • BillerudKorsnäs
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                                                                                        no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 24 Jul 2017 09:56:28 +0200
                                                                                        Wood fiber costs for pulpmills throughout the US fell during 2016 and early 2017 http://www.pulp-paperworld.com/fr/item/7307-wood-fiber-costs-for-pulpmills-throughout-the-us-fell-during-2016-and-early-2017 http://www.pulp-paperworld.com/fr/item/7307-wood-fiber-costs-for-pulpmills-throughout-the-us-fell-during-2016-and-early-2017

                                                                                        Wood fiber costs for pulpmills throughout the US fell during 2016 and early 2017 with the price discrepancy between the Northwest and the Southern states narrowing, according to the North American Wood Fiber Review

                                                                                        2014 03 03 093023Wood fiber costs for pulpmills in the US Northwest have fallen faster than in other region of the US the past year, resulting in a more competitive industry sector, reports the North American Wood Fiber Review. Despite the recent price reductions in Washington and Oregon, pulp manufacturers in the southern states continued to have lower wood fiber costs than pulpmills in the Northwest, Northeast and the Lake States in the 1Q/17.

                                                                                        “Volatile” could best describe many of the North American regional market conditions in the first quarter of 2017! The volatility came in many different areas; adverse weather events, operation breakdowns, plant explosions, and idling, as well as uncertainties over looming trade policy decisions, according to the North American Wood Fiber Review (NAWFR). Wood flows across Canada and the U.S. northern tier of states as well as through the Pacific Northwest were impacted by weather–either too much snow (leading to transportation difficulties), or mild temperatures followed by early breakup.

                                                                                        The declining price trend for chips and pulplogs in the Northwest that occurred during 2015 and 2016 came to a halt in early 2017 because of uncertainty about fiber availability as a result of slowdowns in harvest operations. Over the past two years, fiber costs have declined by 13% in the Northwest and pulpmills in the region have become more competitive. In the 1Q/17, pulpmills had only slightly higher wood fiber costs than pulpmills in the historically low-cost US South. Pulpmills in the Lake States and the Northeastern states continue to have the highest wood costs in the US.

                                                                                        Wood fiber costs for pulpmills in the US South have also fallen over the past year, with average softwood pulplog prices being five percent lower in the 1Q/17 than in the 2Q/16. Prices for both softwood and hardwood pulplogs have slowly declined over the past four quarters to reach their lowest levels in three years.  With several planned pulpmill maintenance outages anticipated in the 2Q/17, fiber demand will remain muted in the coming months. Increased lumber production across the South will continue to generate additional volumes of residual chips resulting in downward price pressure on both chips and pulplogs in late spring and summer. For updated information on the 2Q/17 wood fiber prices and market developments in the US and Canada, please refer to the upcoming issue of the NAWFR.

                                                                                        The North American Wood Fiber Review (NAWFR) has tracked wood fiber markets in the US and Canada for over 30 years and it is the only publication that includes prices for sawlogs, pulpwood, wood chips and biomass in North America.  The 36-page quarterly report includes wood market updates for 15 regions on the continent in addition to the latest export statistics for sawlogs, lumber, wood pellets and wood chips.

                                                                                        • Wood Resources International LLC
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                                                                                          no-spam@pulp-paperworld.com (Ianadmin) financial News Wed, 05 Jul 2017 09:02:11 +0200
                                                                                          Sonoco Restating Price Increase for All Uncoated Recycled Paperboard Products http://www.pulp-paperworld.com/fr/item/7289-sonoco-restating-price-increase-for-all-uncoated-recycled-paperboard-products http://www.pulp-paperworld.com/fr/item/7289-sonoco-restating-price-increase-for-all-uncoated-recycled-paperboard-products

                                                                                          Sonoco (NYSE:SON) have just announced it has restated and is implementing a previously announced price increase for all grades of uncoated recycled paperboard (URB) products in the United States and Canada, effective July 10, 2017. 

                                                                                          logo bluThe low yield on the previously announced April URB price increase, along with the impact of rising raw material and other costs, makes it necessary to go back to the market to recover those costs, explained Palace Stepps, division vice president of sales and marketing for Sonoco’s U.S. and Canada paper and adhesives.

                                                                                          “This renewed price increase reflects the recent sharp rebound of recovered paper and other costs which we must recover so we can continue providing high-quality, value-adding products to our customers,” said Stepps. “After spiking in March, recovered paper prices temporarily declined. However, June recovered paper prices significantly increased, and we expect further cost increases in July as demand by domestic and export users remains strong.” 

                                                                                          Sonoco is one of the largest producers of uncoated recycled paperboard in the United States and Canada, producing more than one million tons annually from 11 mills. For more information about Sonoco’s complete line of URB paper products, or to learn more about current pricing, please visit the Company’s website (www.sonoco.com) or contact the Company at 1-800-377-2692.

                                                                                          About Sonoco
                                                                                          Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $4.8 billion, the Company has 20,000 employees working in more than 300 facilities in 33 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

                                                                                          • sonoco
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                                                                                            no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 26 Jun 2017 08:45:40 +0200
                                                                                            Sonoco Renews Price Increase for Paperboard Tubes and Cores http://www.pulp-paperworld.com/fr/item/7287-sonoco-renews-price-increase-for-paperboard-tubes-and-cores http://www.pulp-paperworld.com/fr/item/7287-sonoco-renews-price-increase-for-paperboard-tubes-and-cores

                                                                                            Sonoco (NYSE:SON) have just announced it is renewing its previously announced April price increase for all paperboard tubes and cores in the United States and Canada.  

                                                                                            sonoco logo 2014“The yield on our previously announced April price increase has not been sufficient to cover rising costs, in particular rising prices for uncoated recycled paperboard (URB), our primary raw material,” said James Harrell, corporate vice president for Sonoco’s U.S. and Canada Tubes and Cores division. “As a result, it is necessary for us to go back to the market to recover those costs.”  

                                                                                            Sonoco is the largest producer of paper-based tubes and cores in North America, which are used to serve the paper, textile, plastic film, and tape and specialty industries.  For more information about Sonoco’s complete line of paperboard tubes and cores or to learn more about current pricing, please visit the Company’s website or contact the Company at +800-377-2692.

                                                                                            About Sonoco
                                                                                            Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and display and packaging supply chain services. With annualized net sales of approximately $4.8 billion, the Company has 20,000 employees working in more than 300 facilities in 33 countries, serving many of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.

                                                                                            • sonoco
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                                                                                              no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 26 Jun 2017 08:38:25 +0200
                                                                                              Xerium Awards Employment Inducement Award Pursuant to NYSE Rule 303A.08 http://www.pulp-paperworld.com/fr/item/7265-xerium-awards-employment-inducement-award-pursuant-to-nyse-rule-303a-08 http://www.pulp-paperworld.com/fr/item/7265-xerium-awards-employment-inducement-award-pursuant-to-nyse-rule-303a-08

                                                                                              Xerium Technologies, Inc. (NYSE: XRM) (“Xerium” or the “Company”), a leading global provider of industrial consumable products and services, has just announced the grant of a restricted stock unit award of up to 600,000 shares of common stock to Mr. Mark Staton under an Inducement Restricted Stock Unit Award Agreement. In addition, the Company filed with the SEC today a Form S-8 registering the shares underlying the award. The award was offered as an inducement to Mr. Staton in connection with his commencement of employment with the Company as its President and Chief Executive Officer. The award and the Inducement Restricted Stock Unit Award Agreement were approved by the Company’s Compensation Committee of the Board of Directors in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08, which requires the public announcement of such inducement awards.

                                                                                              2013 Xerium Logo CMYK 300dpiThe award will vest on October 28, 2020 (“vesting date”) provided Mr. Staton has remained continuously employed with the Company through that date. The number of shares that will vest and be payable to Mr. Staton will depend on the number of shares earned between Mr. Staton’s hire date, April 28, 2017, and the vesting date (the “opportunity period”). Shares will be earned under the award based on whether the Company’s volume weighted 20-day average stock price (“average stock price”) achieves certain pre-established levels within various time periods during the opportunity period and during which the corresponding 20-day average daily dollar trading volume of Xerium common stock on the NYSE equals or exceeds $2,800,000 (“volume minimum”). For a more complete understanding of the various average stock prices and the time periods within which Mr. Staton can earn shares under this award, please refer to the Special Incentive Matrix on Exhibit A to his employment agreement, which is filed as Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on May 1, 2017. Mr. Staton can earn the maximum number of shares subject to the award if the average stock price reaches $20.00 less than 18 months after his hire date.

                                                                                              If Xerium experiences a Change in Control (as defined in the Company’s 2010 Equity Incentive Plan), the number of shares of common stock earned under this award will be determined based upon the stock price paid or implied in such Change in Control transaction. Those shares would be issued to Mr. Staton immediately prior to the consummation of the transaction. If Mr. Staton ceases to be employed with the Company prior to the vesting date, the award will be forfeited, except that if Mr. Staton’s employment is terminated without Cause or Mr. Staton terminates his employment for Good Reason (as those terms are defined in his employment agreement), he will be entitled to those shares earned through the date of termination and for a period of six-months thereafter.

                                                                                              The award is being made outside the Company’s 2010 Equity Incentive Plan but will generally be construed and administered consistent with that Plan.

                                                                                              ABOUT XERIUM TECHNOLOGIES

                                                                                              Xerium Technologies, Inc. (XRM) is a leading global provider of industrial consumable products and services. Xerium, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 28 manufacturing facilities in 13 countries around the world, Xerium has approximately 2,950 employees.

                                                                                              • Xerium Technologies
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                                                                                                no-spam@pulp-paperworld.com (Ianadmin) financial News Mon, 12 Jun 2017 07:39:12 +0200
                                                                                                U.S. Paper Recovery Rate Reaches Record 67.2 Percent in 2016 http://www.pulp-paperworld.com/fr/item/7216-u-s-paper-recovery-rate-reaches-record-67-2-percent-in-2016 http://www.pulp-paperworld.com/fr/item/7216-u-s-paper-recovery-rate-reaches-record-67-2-percent-in-2016

                                                                                                The American Forest & Paper Association (AF&PA) has just announced that a record 67.2 percent of paper consumed in the U.S. was recovered for recycling in 2016.

                                                                                                afpaU.S. paper recovery rate statistics are available at www.paperrecycles.org/statistics.

                                                                                                “The voluntary, market-driven recovery system, the millions of Americans who recycle every day, and industry efforts to inform consumers about the importance of paper recycling continue to enable a high U.S. paper recovery rate,” said AF&PA President and CEO Donna Harman.

                                                                                                “Paper recovery for recycling helps extend the useful life of paper and paper-based packaging products, making it an integral part of our industry’s sustainability story,” said AF&PA Board Chair and Clearwater Paper Corporation President and CEO Linda Massman.

                                                                                                The annual paper recovery rate has doubled since 1990 and U.S. paper recovery has met or exceeded 63 percent for the past eight years. The industry has a goal to exceed 70 percent paper recovery for recycling by 2020 as part of its Better Practices, Better Planet 2020 sustainability initiative.

                                                                                                For more information about paper recycling, including statistics and other resources, visit paperrecycles.org.

                                                                                                The American Forest & Paper Association (AF&PA) serves to advance a sustainable U.S. pulp, paper, packaging, tissue and wood products manufacturing industry through fact-based public policy and marketplace advocacy. AF&PA member companies make products essential for everyday life from renewable and recyclable resources and are committed to continuous improvement through the industry’s sustainability initiative - Better Practices, Better Planet 2020. The forest products industry accounts for approximately 4 percent of the total U.S. manufacturing GDP, manufactures over $200 billion in products annually, and employs approximately 900,000 men and women. The industry meets a payroll of approximately $50 billion annually and is among the top 10 manufacturing sector employers in 45 states. Visit AF&PA online at www.afandpa.org

                                                                                                • two sides
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                                                                                                  no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 12 May 2017 10:27:10 +0200
                                                                                                  Forest2Market Publishes First Transaction-Based Wood Price Report for Sweden, Finland, the Baltic States and Northwest Russia http://www.pulp-paperworld.com/fr/item/7214-forest2market-publishes-first-transaction-based-wood-price-report-for-sweden-finland-the-baltic-states-and-northwest-russia http://www.pulp-paperworld.com/fr/item/7214-forest2market-publishes-first-transaction-based-wood-price-report-for-sweden-finland-the-baltic-states-and-northwest-russia

                                                                                                  1Q2017 Baltic Rim Index brings transparency about wood raw material prices to region’s forest products, forestry and bioenergy industries.

                                                                                                  Forest2Market has published the first installment of its Baltic Rim Wood Price Index, a transaction-based wood raw material price benchmark for the forest products, forestry and bioenergy industries in Scandinavia (Sweden and Finland), the Baltic States (Estonia, Latvia and Lithuania) and Northwest Russia.

                                                                                                  The results for 1Q2017 show that, among other trends, there are significant differences in delivered wood costs (roadside wood costs plus transportation costs to mill) for both pulp producers and sawmills in Sweden.

                                                                                                  • Pulp producers: the highest-cost mill paid 26 per cent more for conifer pulpwood than the lowest-cost mill. Annualized, the cost savings potential for the highest-cost mill exceeds 250 million SEK (26 million EUR). If a mill consuming 2.5 million cubic meters (m3) of pulpwood annually could reduce its costs to the market average of 43 SEK/m³ (4.5 EUR/m³), the savings would exceed 100 million SEK (10.4 million EUR).
                                                                                                  • Sawmills consuming pine sawlogs: the highest-cost mill paid 20 per cent more for conifer sawlogs than the lowest-cost mill. Annualized, the cost savings potential for the highest-cost mill exceeds 65 million SEK (6.8 million EUR). If a mill consuming 500,000 m3 of logs annually could reduce its costs to the market average of 67 SEK/m³ (7 EUR/m³), the savings would exceed 33 million SEK (3.4 million EUR).
                                                                                                  • Sawmills consuming spruce sawlogs: the highest-cost mill paid 34 per cent more for conifer sawlogs than the lowest-cost mill. Annualized, the cost savings potential for the highest-cost mill exceeds 125 million SEK (13 million EUR). If a mill consuming 500,000 m3 of logs annually could reduce its costs to the market average of 151 SEK/m³ (15.7 EUR/ m³), the savings would exceed 75 million SEK (7.8 million EUR).

                                                                                                  2017 05 12 101820With this newest addition to its product line, Forest2Market now provides market price reports, performance benchmarks and custom analytics to major wood markets across North America, Brazil, Scandinavia, the Baltic States and Russia.

                                                                                                  With the Baltic Rim Wood Price Index, timber buyers and sellers will be able to clearly and confidently compare their performance to market, accurately assess market prices and build strong partner relationships, as well as define, measure and adjust strategic decisions based on actual and actionable data. While high-cost mills can use the Index to lower their costs, low-cost mills can use the data to demonstrate to stakeholders that they are extracting as much value as possible from the supply chain.

                                                                                                  This level of market transparency comes at a critical time for the region’s industry. “Now that the United States has instituted tariffs on softwood lumber coming from Canada,” said Pete Stewart, President and founder of Forest2Market, “Sweden’s sawmills will have an opportunity to export more softwood lumber to the US. But they’ll only have that opportunity if they are cost-competitive. Using the Index to manage costs provides a strategic advantage in this environment.”

                                                                                                  Antti Kämäräinen, Director of Fores2Market’s Scandinavian business, sees a similar utility for the Index in Finland: “Currently, container freight in Finland is painfully high. The Index will allow sawmills to reduce their costs at the front of the value chain as they are buying wood. This will mitigate the overall effect of high freight costs on profitability. With the new demand that will come on line in Finland in 3Q2017, this will be especially important.”

                                                                                                  Russian mills also have a reason to manage their costs. “Over the last few years, domestic wood raw material costs have increased annually over 10 per cent in local currency,” said Vasylysa Hänninen, Director of Forest2Market’s Baltic States and Russia business. “The weak ruble has masked the effect of rapidly increasing wood costs, making mills seem more competitive and profitable on the global market than they really are. Over the last year, however, the ruble has been strengthening. As the exchange rate stabilizes, the mask will be removed and profitability will drop. With the Index, mills can pay less for wood raw materials, securing their competitive advantage in the international market.

                                                                                                  About Forest2Market

                                                                                                  With solid data, industry experience and third-party independence, Forest2Market provides participants in the wood, sawnwood, paper, bioenergy and biochemicals supply chains with business solutions that support fact-based decision making and planning. Headquartered in Charlotte, North Carolina, USA, with offices in Kennewick, Washington, USA; Curitiba, Brazil; and Helsinki, Finland, Forest2Market is the global wood and fiber supply chain expert. www.forest2market.com

                                                                                                  • Forest2market
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                                                                                                    no-spam@pulp-paperworld.com (Ianadmin) financial News Fri, 12 May 2017 10:18:38 +0200